https://www.taxtmi.com/caselaws?id=14098 A prosecution for wilful attempt to evade tax under the Income-tax Act cannot be sustained when the penalty imposed on the same alleged default has been vacated in appeal and that deletion has been affirmed by the Tribunal. The Madhya Pradesh High Court noted that, once the foundation penalty under section 271(1)(c) was erased, the criminal conviction under section 276C read with section 278B lost its basis. The revision was allowed, the applicants were acquitted, and any fine already realised was ordered to be refunded. en-us Mon, 09 Apr 2001 00:00:00 +0530 Mon, 13 Jul 2009 16:21:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14098 A prosecution for wilful attempt to evade tax under the Income-tax Act cannot be sustained when the penalty imposed on the same alleged default has been vacated in appeal and that deletion has been affirmed by the Tribunal. The Madhya Pradesh High Court noted that, once the foundation penalty under section 271(1)(c) was erased, the criminal conviction under section 276C read with section 278B lost its basis. The revision was allowed, the applicants were acquitted, and any fine already realised was ordered to be refunded. Case-Laws Income Tax Mon, 09 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14098