https://www.taxtmi.com/caselaws?id=16442 Prosecution for alleged violation of section 269SS of the Income-tax Act was found unsustainable where the penalty proceeding arising from the same cash transaction had already been dropped by the competent authority. Because the sanction for prosecution was issued without disclosing that material fact, the sanction was treated as having been granted in ignorance of a relevant circumstance, vitiating the basis for prosecution; the prosecution was therefore quashed as bad in law. en-us Mon, 29 Jun 1998 00:00:00 +0530 Mon, 07 Sep 2009 17:29:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16442 Prosecution for alleged violation of section 269SS of the Income-tax Act was found unsustainable where the penalty proceeding arising from the same cash transaction had already been dropped by the competent authority. Because the sanction for prosecution was issued without disclosing that material fact, the sanction was treated as having been granted in ignorance of a relevant circumstance, vitiating the basis for prosecution; the prosecution was therefore quashed as bad in law. Case-Laws Income Tax Mon, 29 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16442