https://www.taxtmi.com/caselaws?id=13393 The court upheld the Additional Sessions Judge's order, stating that once penalties were deleted by the ITAT, criminal prosecution could not continue. Emphasizing the necessity of mens rea, the court found that the penalty was deleted on merits, not technical grounds. The Division Bench of the High Court affirmed the Assessing Officer's lack of recorded satisfaction for penalty initiation, resulting in the dismissal of the revision petition and confirming the discharge of the respondents from offenses under sections 276C(1) and 277 of the Income-tax Act, 1961. en-us Tue, 02 Jan 2007 00:00:00 +0530 Thu, 28 May 2009 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13393 The court upheld the Additional Sessions Judge's order, stating that once penalties were deleted by the ITAT, criminal prosecution could not continue. Emphasizing the necessity of mens rea, the court found that the penalty was deleted on merits, not technical grounds. The Division Bench of the High Court affirmed the Assessing Officer's lack of recorded satisfaction for penalty initiation, resulting in the dismissal of the revision petition and confirming the discharge of the respondents from offenses under sections 276C(1) and 277 of the Income-tax Act, 1961. Case-Laws Income Tax Tue, 02 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13393