https://www.taxtmi.com/caselaws?id=17658 A prosecution founded on a best judgment assessment under section 144 of the Income-tax Act could not be sustained once the assessment order was set aside and the remand was confirmed in appeal. With the underlying assessment no longer in existence, the basis for the criminal proceedings disappeared, and continuation of the prosecution was unjustified. The Revenue did not contest that position, though it sought liberty to initiate fresh proceedings if a new assessment was later made. The criminal cases were quashed. en-us Thu, 19 Dec 1996 00:00:00 +0530 Thu, 24 Sep 2009 10:22:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17658 A prosecution founded on a best judgment assessment under section 144 of the Income-tax Act could not be sustained once the assessment order was set aside and the remand was confirmed in appeal. With the underlying assessment no longer in existence, the basis for the criminal proceedings disappeared, and continuation of the prosecution was unjustified. The Revenue did not contest that position, though it sought liberty to initiate fresh proceedings if a new assessment was later made. The criminal cases were quashed. Case-Laws Income Tax Thu, 19 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17658