https://www.taxtmi.com/caselaws?id=302812 Section 276CC applies where an assessee fails to furnish a return within the prescribed time; where the return was filed belatedly but before sanction for prosecution under Section 279, and the return was later accepted and assessed, the statutory basis for launching and continuing prosecution was absent. On the admitted facts, the premise for sanction was incorrect, so the criminal proceedings under Section 276CC were quashed. en-us Wed, 04 Jan 2017 00:00:00 +0530 Sun, 19 Jun 2022 21:02:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302812 Section 276CC applies where an assessee fails to furnish a return within the prescribed time; where the return was filed belatedly but before sanction for prosecution under Section 279, and the return was later accepted and assessed, the statutory basis for launching and continuing prosecution was absent. On the admitted facts, the premise for sanction was incorrect, so the criminal proceedings under Section 276CC were quashed. Case-Laws Income Tax Wed, 04 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302812