https://www.taxtmi.com/caselaws?id=19023 The court quashed the complaints filed under sections 276C(1), 277, and 278B of the Income-tax Act, as the petitioner had sustained a loss for the assessment year, rendering the criminal proceedings an abuse of court process. The court emphasized the relevance of assessment proceedings and appellate decisions in criminal prosecution, noting that penal provisions apply only to cases of positive income. Due to the petitioner's revised assessments resulting in a loss and absence of penalty proceedings, the court dropped the criminal charges, pending a potential revival based on the Department's writ petition and positive income showing. en-us Mon, 03 Jul 1995 00:00:00 +0530 Tue, 03 Nov 2009 13:57:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19023 The court quashed the complaints filed under sections 276C(1), 277, and 278B of the Income-tax Act, as the petitioner had sustained a loss for the assessment year, rendering the criminal proceedings an abuse of court process. The court emphasized the relevance of assessment proceedings and appellate decisions in criminal prosecution, noting that penal provisions apply only to cases of positive income. Due to the petitioner's revised assessments resulting in a loss and absence of penalty proceedings, the court dropped the criminal charges, pending a potential revival based on the Department's writ petition and positive income showing. Case-Laws Income Tax Mon, 03 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19023