https://www.taxtmi.com/caselaws?id=18006 Criminal prosecution for making a false statement in verification of an income-tax return was held unsustainable where the penalty proceedings on the same foundation had already been dropped. The Court applied the settled principle that, if the penalty case based on the same alleged false statement does not survive, prosecution under section 277 of the Income-tax Act cannot be maintained on those facts. The Revenue also accepted that position. The criminal proceedings were therefore set aside and the assessee was discharged from liability. en-us Fri, 24 Nov 1995 00:00:00 +0530 Sat, 26 Sep 2009 11:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18006 Criminal prosecution for making a false statement in verification of an income-tax return was held unsustainable where the penalty proceedings on the same foundation had already been dropped. The Court applied the settled principle that, if the penalty case based on the same alleged false statement does not survive, prosecution under section 277 of the Income-tax Act cannot be maintained on those facts. The Revenue also accepted that position. The criminal proceedings were therefore set aside and the assessee was discharged from liability. Case-Laws Income Tax Fri, 24 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18006