https://www.taxtmi.com/highlights?id=55443 Cognizance for the offence u/s 276C(1) - enquiry by the investigation wing - unusual credit of large amount through RTGS in bank account maintained by the petitioner and funds were debited for investment in the stock market - There is no requirement under the Act that the assessment proceedings should be completed before lunching prosecution. Respondent has rightly lodged the complaint as against the petitioner for the offences u/s 276C(1) of the Income Tax Act, 1961. - HC en-us Sat, 07 Nov 2020 21:13:16 +0530 Sat, 07 Nov 2020 21:13:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55443 Cognizance for the offence u/s 276C(1) - enquiry by the investigation wing - unusual credit of large amount through RTGS in bank account maintained by the petitioner and funds were debited for investment in the stock market - There is no requirement under the Act that the assessment proceedings should be completed before lunching prosecution. Respondent has rightly lodged the complaint as against the petitioner for the offences u/s 276C(1) of the Income Tax Act, 1961. - HC Highlights Income Tax Sat, 07 Nov 2020 21:13:16 +0530 https://www.taxtmi.com/highlights?id=55443