https://www.taxtmi.com/caselaws?id=411469 The court quashed the proceedings against the petitioners for offenses under Sections 276C(2) and 277 of the Income Tax Act, 1961, as the aggregate amount of tax, interest, and penalty involved was less than the threshold amount specified in the circular. The court concluded that prosecution was not warranted since the amount was below the specified limit of Rs. 10,000, as per the circular's provisions. Consequently, the court allowed the petition, quashed the proceedings in CC No.692/2015, and dismissed IA 1/2021. en-us Thu, 22 Apr 2021 00:00:00 +0530 Wed, 25 Aug 2021 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411469 The court quashed the proceedings against the petitioners for offenses under Sections 276C(2) and 277 of the Income Tax Act, 1961, as the aggregate amount of tax, interest, and penalty involved was less than the threshold amount specified in the circular. The court concluded that prosecution was not warranted since the amount was below the specified limit of Rs. 10,000, as per the circular's provisions. Consequently, the court allowed the petition, quashed the proceedings in CC No.692/2015, and dismissed IA 1/2021. Case-Laws Income Tax Thu, 22 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411469