https://www.taxtmi.com/caselaws?id=424065 The court dismissed the petitions and directed the cases to go to trial, finding sufficient allegations to prosecute the petitioner for offences under Sections 276C(1), 276CC, and 277 of the Income Tax Act. The court rejected the petitioner's arguments regarding the delay in initiating criminal proceedings, emphasizing the absence of a limitation period for economic offences. Additionally, the court distinguished cited case laws, noting the substantial amounts involved and clear evidence of wilful concealment in the present case, unlike the circumstances in the referenced judgments. en-us Thu, 16 Jun 2022 00:00:00 +0530 Mon, 04 Jul 2022 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424065 The court dismissed the petitions and directed the cases to go to trial, finding sufficient allegations to prosecute the petitioner for offences under Sections 276C(1), 276CC, and 277 of the Income Tax Act. The court rejected the petitioner's arguments regarding the delay in initiating criminal proceedings, emphasizing the absence of a limitation period for economic offences. Additionally, the court distinguished cited case laws, noting the substantial amounts involved and clear evidence of wilful concealment in the present case, unlike the circumstances in the referenced judgments. Case-Laws Income Tax Thu, 16 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424065