https://www.taxtmi.com/caselaws?id=21467 The appellate court overturned the lower court's acquittal judgment and reinstated the conviction of the respondent under sections 276C and 277 of the Income-tax Act, 1961. The court emphasized the significance of evidence, the presumption under section 132(4A) of the Act, and the applicability of legal precedents in tax evasion cases. The judgment clarified that ongoing reassessment proceedings do not preclude criminal prosecution for tax offences. Consequently, the criminal appeal was successful, leading to the respondent's arrest for serving the sentence originally imposed by the trial court. en-us Mon, 23 Mar 1992 00:00:00 +0530 Tue, 24 Nov 2009 16:05:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21467 The appellate court overturned the lower court's acquittal judgment and reinstated the conviction of the respondent under sections 276C and 277 of the Income-tax Act, 1961. The court emphasized the significance of evidence, the presumption under section 132(4A) of the Act, and the applicability of legal precedents in tax evasion cases. The judgment clarified that ongoing reassessment proceedings do not preclude criminal prosecution for tax offences. Consequently, the criminal appeal was successful, leading to the respondent's arrest for serving the sentence originally imposed by the trial court. Case-Laws Income Tax Mon, 23 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21467