https://www.taxtmi.com/caselaws?id=416580 The High Court quashed the proceedings in E.O.C.C.No.223 of 2016 under Sections 276CC, 276C(1), and 276C(2) of the Income Tax Act, 1961. The Court held that since the petitioner surrendered the second PAN card and filed returns for the correct PAN number, prosecution for willful default in filing income tax returns was unwarranted. The petitioner's actions to rectify the situation were deemed sufficient, leading to the quashing of the proceedings. en-us Tue, 14 Dec 2021 00:00:00 +0530 Sat, 01 Jan 2022 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416580 The High Court quashed the proceedings in E.O.C.C.No.223 of 2016 under Sections 276CC, 276C(1), and 276C(2) of the Income Tax Act, 1961. The Court held that since the petitioner surrendered the second PAN card and filed returns for the correct PAN number, prosecution for willful default in filing income tax returns was unwarranted. The petitioner's actions to rectify the situation were deemed sufficient, leading to the quashing of the proceedings. Case-Laws Income Tax Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416580