https://www.taxtmi.com/caselaws?id=378750 Section 489B IPC requires proof that the used, received, sold, bought or trafficked in counterfeit currency knowing, or having reason to believe, that it was counterfeit. Mere possession or deposit of counterfeit notes is insufficient unless the prosecution material shows the necessary knowledge. On the facts described, the notes were treated as high-quality counterfeit currency, but the collected material did not establish any basis to attribute knowledge to the accused. In that situation, continuation of the prosecution was treated as an abuse of process, and inherent power under Section 482 CrPC was used to quash the proceedings. en-us Mon, 01 Oct 2018 00:00:00 +0530 Mon, 22 Apr 2019 07:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378750 Section 489B IPC requires proof that the used, received, sold, bought or trafficked in counterfeit currency knowing, or having reason to believe, that it was counterfeit. Mere possession or deposit of counterfeit notes is insufficient unless the prosecution material shows the necessary knowledge. On the facts described, the notes were treated as high-quality counterfeit currency, but the collected material did not establish any basis to attribute knowledge to the accused. In that situation, continuation of the prosecution was treated as an abuse of process, and inherent power under Section 482 CrPC was used to quash the proceedings. Case-Laws Indian Laws Mon, 01 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378750