https://www.taxtmi.com/caselaws?id=11548 Where the ITAT set aside the penalty on a substantive finding that the assessee had not concealed income and that the basis for penalty did not exist, criminal prosecution for alleged concealment and filing of a false return could not be sustained. The High Court held that once the appellate finding removed the foundation of the complaint, the criminal court was not required to continue proceedings on an issue already concluded against the prosecution case. The complaint and consequential criminal proceedings were quashed. en-us Wed, 23 Oct 2002 00:00:00 +0530 Fri, 15 Jan 2010 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11548 Where the ITAT set aside the penalty on a substantive finding that the assessee had not concealed income and that the basis for penalty did not exist, criminal prosecution for alleged concealment and filing of a false return could not be sustained. The High Court held that once the appellate finding removed the foundation of the complaint, the criminal court was not required to continue proceedings on an issue already concluded against the prosecution case. The complaint and consequential criminal proceedings were quashed. Case-Laws Income Tax Wed, 23 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11548