https://www.taxtmi.com/caselaws?id=20355 The judge quashed criminal proceedings against multiple accused for offenses under sections 276C and 277 read with section 278B of the Income-tax Act, 1961. The accused successfully argued that since the Income-tax Appellate Tribunal accepted their explanation regarding a disputed claim of revenue expenditure, which led to the quashing of penalties, the criminal court could not convict them for filing false returns. The judge emphasized the leniency in penalty proceedings and concluded that there was no reasonable prospect of conviction in the criminal case, leading to the proceedings being disposed of in favor of the accused. en-us Wed, 12 Jan 1994 00:00:00 +0530 Fri, 13 Nov 2009 14:04:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20355 The judge quashed criminal proceedings against multiple accused for offenses under sections 276C and 277 read with section 278B of the Income-tax Act, 1961. The accused successfully argued that since the Income-tax Appellate Tribunal accepted their explanation regarding a disputed claim of revenue expenditure, which led to the quashing of penalties, the criminal court could not convict them for filing false returns. The judge emphasized the leniency in penalty proceedings and concluded that there was no reasonable prospect of conviction in the criminal case, leading to the proceedings being disposed of in favor of the accused. Case-Laws Income Tax Wed, 12 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20355