https://www.taxtmi.com/caselaws?id=24643 A departmental settlement in income-tax proceedings, once accepted by the authorities and implemented through revised assessments, payment of tax and penalty, can negate the factual foundation of a related prosecution. The Delhi High Court noted that the absence of formal compounding by the Commissioner under section 279(2) did not invalidate the settlement where the record showed it was validly acted upon within jurisdiction. On that basis, the trial court was justified in treating the settlement as relevant to the prosecution's foundation, and the charge based on an alleged false return and connected false statements could not be sustained. The acquittal was therefore left undisturbed. en-us Fri, 19 Aug 1988 00:00:00 +0530 Thu, 21 Jan 2010 14:38:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24643 A departmental settlement in income-tax proceedings, once accepted by the authorities and implemented through revised assessments, payment of tax and penalty, can negate the factual foundation of a related prosecution. The Delhi High Court noted that the absence of formal compounding by the Commissioner under section 279(2) did not invalidate the settlement where the record showed it was validly acted upon within jurisdiction. On that basis, the trial court was justified in treating the settlement as relevant to the prosecution's foundation, and the charge based on an alleged false return and connected false statements could not be sustained. The acquittal was therefore left undisturbed. Case-Laws Income Tax Fri, 19 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24643