https://www.taxtmi.com/caselaws?id=24691 A prosecution under section 277 of the Income-tax Act could not survive once the reassessment on which it was founded had been set aside by the Appellate Tribunal as ab initio void. The Tribunal had held that reopening based on an internal audit party's view on a point of law did not amount to valid information for reassessment, and that the substituted departmental provision relied on became effective only from 1 April 1976. With the reassessment annulled, the foundation for the criminal complaint disappeared, and the complaint was held not maintainable; the proceedings were quashed. en-us Mon, 16 Nov 1987 00:00:00 +0530 Thu, 21 Jan 2010 16:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24691 A prosecution under section 277 of the Income-tax Act could not survive once the reassessment on which it was founded had been set aside by the Appellate Tribunal as ab initio void. The Tribunal had held that reopening based on an internal audit party's view on a point of law did not amount to valid information for reassessment, and that the substituted departmental provision relied on became effective only from 1 April 1976. With the reassessment annulled, the foundation for the criminal complaint disappeared, and the complaint was held not maintainable; the proceedings were quashed. Case-Laws Income Tax Mon, 16 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24691