https://www.taxtmi.com/caselaws?id=23892 Pendency of reassessment proceedings does not bar criminal prosecution under sections 276C and 277 of the Income-tax Act where seized material shows a prima facie case of tax evasion and falsification of accounts. The record here indicated parallel cash and accounting entries, maintenance of double records, and suppression of transactions; a later reassessment after hearing the assessee did not obliterate those adverse findings. The principle that prosecution may fail when its very foundation is set aside was held inapplicable on these facts, so quashing of the complaint, charges, and revisional order was refused and the prosecution remained maintainable. en-us Fri, 28 Apr 1989 00:00:00 +0530 Fri, 15 Jan 2010 11:14:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23892 Pendency of reassessment proceedings does not bar criminal prosecution under sections 276C and 277 of the Income-tax Act where seized material shows a prima facie case of tax evasion and falsification of accounts. The record here indicated parallel cash and accounting entries, maintenance of double records, and suppression of transactions; a later reassessment after hearing the assessee did not obliterate those adverse findings. The principle that prosecution may fail when its very foundation is set aside was held inapplicable on these facts, so quashing of the complaint, charges, and revisional order was refused and the prosecution remained maintainable. Case-Laws Income Tax Fri, 28 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23892