https://www.taxtmi.com/caselaws?id=13640 The court interpreted section 269UC of the Income-tax Act, stating that if co-owners individually sell their shares below the prescribed amount, the section is not attracted. Despite a change in interpretation, the court found it unfair to prosecute the petitioners for violating section 276AB, emphasizing the importance of fairness and consistency in legal decisions. The court considered previous judgments and the principle of mens rea, ultimately quashing the complaint against the petitioners to prevent unequal treatment of co-accused based on age differences. en-us Mon, 24 Jan 2005 00:00:00 +0530 Sat, 30 May 2009 17:27:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13640 The court interpreted section 269UC of the Income-tax Act, stating that if co-owners individually sell their shares below the prescribed amount, the section is not attracted. Despite a change in interpretation, the court found it unfair to prosecute the petitioners for violating section 276AB, emphasizing the importance of fairness and consistency in legal decisions. The court considered previous judgments and the principle of mens rea, ultimately quashing the complaint against the petitioners to prevent unequal treatment of co-accused based on age differences. Case-Laws Income Tax Mon, 24 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13640