https://www.taxtmi.com/caselaws?id=12412 An appellate court will not reverse an acquittal for alleged contravention of Chapter XX-C and section 276AB of the Income-tax Act unless the trial court's view is perverse or wholly unreasonable. On the evidence relating to a development agreement, the trial court found no punishable transfer attracting the penal provisions invoked. That assessment was treated as a plausible view on the record, and the availability of another possible view did not justify interference. The acquittal was therefore left undisturbed and the challenge failed. en-us Mon, 01 Jul 2002 00:00:00 +0530 Wed, 24 Feb 2010 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12412 An appellate court will not reverse an acquittal for alleged contravention of Chapter XX-C and section 276AB of the Income-tax Act unless the trial court's view is perverse or wholly unreasonable. On the evidence relating to a development agreement, the trial court found no punishable transfer attracting the penal provisions invoked. That assessment was treated as a plausible view on the record, and the availability of another possible view did not justify interference. The acquittal was therefore left undisturbed and the challenge failed. Case-Laws Income Tax Mon, 01 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12412