https://www.taxtmi.com/caselaws?id=16793 The court quashed criminal proceedings against a contractor and income-tax assessee after a search revealed concealed income and unaccounted deposits. Despite penalty reductions in appeals, the Income-tax Appellate Tribunal set aside previous orders, allowing the assessee to approach the Settlement Commission. The court, considering timing and nexus between assessment and prosecution, found merit in quashing the proceedings due to invalidated foundation for the complaint. The judgment emphasized the influence of the Tribunal's decision on criminal prosecution, leading to the quashing of proceedings while preserving the Department's right to pursue alternative actions post-settlement. en-us Fri, 13 Feb 1998 00:00:00 +0530 Sat, 12 Sep 2009 12:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16793 The court quashed criminal proceedings against a contractor and income-tax assessee after a search revealed concealed income and unaccounted deposits. Despite penalty reductions in appeals, the Income-tax Appellate Tribunal set aside previous orders, allowing the assessee to approach the Settlement Commission. The court, considering timing and nexus between assessment and prosecution, found merit in quashing the proceedings due to invalidated foundation for the complaint. The judgment emphasized the influence of the Tribunal's decision on criminal prosecution, leading to the quashing of proceedings while preserving the Department's right to pursue alternative actions post-settlement. Case-Laws Income Tax Fri, 13 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16793