https://www.taxtmi.com/caselaws?id=16267 The High Court set aside the lower court's judgment convicting the accused under sections 276C(1) and 277 of the Income-tax Act, 1961. A-1 was fined and A-8 was initially sentenced to two years of rigorous imprisonment and fined. However, A-8's sentence was reduced to six months on appeal. The court found errors in applying the presumption under section 278E, stating it was inapplicable due to the assessment year predating the relevant amendment. The judgment was reversed, and the criminal revision case was allowed, leading to the acquittal of the accused. en-us Wed, 03 Feb 1999 00:00:00 +0530 Fri, 04 Sep 2009 18:03:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16267 The High Court set aside the lower court's judgment convicting the accused under sections 276C(1) and 277 of the Income-tax Act, 1961. A-1 was fined and A-8 was initially sentenced to two years of rigorous imprisonment and fined. However, A-8's sentence was reduced to six months on appeal. The court found errors in applying the presumption under section 278E, stating it was inapplicable due to the assessment year predating the relevant amendment. The judgment was reversed, and the criminal revision case was allowed, leading to the acquittal of the accused. Case-Laws Income Tax Wed, 03 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16267