https://www.taxtmi.com/caselaws?id=17801 The court convicted A-1, Visakha Medical Stores, under sections 276C and 277 of the Income-tax Act, imposing fines and default penalties. A-2 was acquitted of the same offences due to lack of mens rea in filing the return. The court emphasized the importance of proving mens rea for such offences. The court also ruled exhibit P-13 inadmissible as it did not meet the criteria under section 132(4) of the Income-tax Act. The acquittal of A-2 was upheld, dismissing the Department's appeal and affirming the lower court's decision. en-us Wed, 19 Mar 1997 00:00:00 +0530 Wed, 05 Apr 2017 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17801 The court convicted A-1, Visakha Medical Stores, under sections 276C and 277 of the Income-tax Act, imposing fines and default penalties. A-2 was acquitted of the same offences due to lack of mens rea in filing the return. The court emphasized the importance of proving mens rea for such offences. The court also ruled exhibit P-13 inadmissible as it did not meet the criteria under section 132(4) of the Income-tax Act. The acquittal of A-2 was upheld, dismissing the Department's appeal and affirming the lower court's decision. Case-Laws Income Tax Wed, 19 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17801