https://www.taxtmi.com/caselaws?id=400561 The proceedings in C.C.No.425 of 2019 under Section 276 C(2) of the Income Tax Act were quashed by the court. The petitioners, including the assessee and its directors, had filed their tax returns on time but delayed payment. The court found that this delay did not constitute wilful evasion, as the returns indicated an intention to pay. Relying on a precedent from the Karnataka HC, the court determined that continuing prosecution would be an abuse of process. Consequently, the criminal original petition was allowed, and all related miscellaneous petitions were closed. en-us Thu, 12 Mar 2020 00:00:00 +0530 Tue, 05 Nov 2024 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400561 The proceedings in C.C.No.425 of 2019 under Section 276 C(2) of the Income Tax Act were quashed by the court. The petitioners, including the assessee and its directors, had filed their tax returns on time but delayed payment. The court found that this delay did not constitute wilful evasion, as the returns indicated an intention to pay. Relying on a precedent from the Karnataka HC, the court determined that continuing prosecution would be an abuse of process. Consequently, the criminal original petition was allowed, and all related miscellaneous petitions were closed. Case-Laws Income Tax Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400561