https://www.taxtmi.com/caselaws?id=10384 The court quashed criminal proceedings against the accused for alleged tax evasion under sections 276C and 277 of the Income-tax Act. The court found that once penalties for concealment were cancelled, prosecution under section 276C should be quashed. As the original assessment was modified and certain issues were still pending, the court deemed the criminal proceedings premature and baseless. The court aligned its decision with the principle that criminal proceedings should not continue when tax matters have been settled in favor of the assessee. en-us Tue, 25 Jan 2005 00:00:00 +0530 Tue, 14 Jul 2009 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10384 The court quashed criminal proceedings against the accused for alleged tax evasion under sections 276C and 277 of the Income-tax Act. The court found that once penalties for concealment were cancelled, prosecution under section 276C should be quashed. As the original assessment was modified and certain issues were still pending, the court deemed the criminal proceedings premature and baseless. The court aligned its decision with the principle that criminal proceedings should not continue when tax matters have been settled in favor of the assessee. Case-Laws Income Tax Tue, 25 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10384