https://www.taxtmi.com/caselaws?id=19654 A tax prosecution for alleged inflation of purchases, fabrication of accounts and conspiracy was held not to be barred by an assessment settlement where the settlement itself left penalty and prosecution open for decision on merits. The complaints were found to contain specific factual allegations against the partners and other accused, which were sufficient to support trial for the alleged offences. Proceedings against the partnership firm were also not liable to be quashed merely because mandatory imprisonment could not be imposed on the firm, since fine remained available. The section 279 authorisation was upheld because it need not expressly refer to the settlement if it otherwise reflects the relevant records and allegations of evasion. en-us Fri, 11 Mar 1994 00:00:00 +0530 Sat, 07 Nov 2009 16:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19654 A tax prosecution for alleged inflation of purchases, fabrication of accounts and conspiracy was held not to be barred by an assessment settlement where the settlement itself left penalty and prosecution open for decision on merits. The complaints were found to contain specific factual allegations against the partners and other accused, which were sufficient to support trial for the alleged offences. Proceedings against the partnership firm were also not liable to be quashed merely because mandatory imprisonment could not be imposed on the firm, since fine remained available. The section 279 authorisation was upheld because it need not expressly refer to the settlement if it otherwise reflects the relevant records and allegations of evasion. Case-Laws Income Tax Fri, 11 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19654