https://www.taxtmi.com/caselaws?id=22934 The court quashed proceedings under sections 276B and 278B of the Income-tax Act, emphasizing the prospective application of the Explanation to section 194A inserted in 1987. The judgment clarified that the petitioners' actions did not constitute offenses under the amended provisions, highlighting the importance of strict interpretation of fiscal laws and constitutional protections against retrospective penal liabilities. Consequently, the court deemed the continuation of proceedings an abuse of the criminal court process and ordered their quashment. en-us Tue, 13 Nov 1990 00:00:00 +0530 Tue, 15 Dec 2009 14:00:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22934 The court quashed proceedings under sections 276B and 278B of the Income-tax Act, emphasizing the prospective application of the Explanation to section 194A inserted in 1987. The judgment clarified that the petitioners' actions did not constitute offenses under the amended provisions, highlighting the importance of strict interpretation of fiscal laws and constitutional protections against retrospective penal liabilities. Consequently, the court deemed the continuation of proceedings an abuse of the criminal court process and ordered their quashment. Case-Laws Income Tax Tue, 13 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22934