https://www.taxtmi.com/caselaws?id=9872 The court held that Section 278B of the Income-tax Act, inserted in 1975, could not be applied retrospectively. As a result, the applicant was not liable for offenses committed by the firm before the insertion of this section. Regarding the allegation of concealment of income and tax evasion, the court found no deliberate attempt by the applicants to conceal income, as the disclosed amount was not detected through secret means. Consequently, the court acquitted the applicants of charges under relevant sections of the Act, ordering the return of the fine deposited. en-us Tue, 10 Jan 2006 00:00:00 +0530 Thu, 02 Jul 2009 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9872 The court held that Section 278B of the Income-tax Act, inserted in 1975, could not be applied retrospectively. As a result, the applicant was not liable for offenses committed by the firm before the insertion of this section. Regarding the allegation of concealment of income and tax evasion, the court found no deliberate attempt by the applicants to conceal income, as the disclosed amount was not detected through secret means. Consequently, the court acquitted the applicants of charges under relevant sections of the Act, ordering the return of the fine deposited. Case-Laws Income Tax Tue, 10 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9872