https://www.taxtmi.com/caselaws?id=431581 The HC quashed the entire criminal proceedings in Cr.M.P. No. 591 of 2017 and Cr.M.P. No. 593 of 2017, including the orders taking cognizance dated 10.11.2016, under sections 276C(1), 277, and 278E of the Income Tax Act, 1961. The penalties imposed on the petitioners were either set aside by appellate authorities or not imposed, rendering the prosecution unsustainable. The court relied on legal precedents, notably "K.C. Builders and Anr. Vs. Assistant Commissioner of Income Tax," which established that quashing of prosecution is automatic when penalties are cancelled due to lack of concealment. The petitions were allowed, and interim orders vacated. en-us Tue, 29 Nov 2022 00:00:00 +0530 Wed, 18 Dec 2024 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431581 The HC quashed the entire criminal proceedings in Cr.M.P. No. 591 of 2017 and Cr.M.P. No. 593 of 2017, including the orders taking cognizance dated 10.11.2016, under sections 276C(1), 277, and 278E of the Income Tax Act, 1961. The penalties imposed on the petitioners were either set aside by appellate authorities or not imposed, rendering the prosecution unsustainable. The court relied on legal precedents, notably "K.C. Builders and Anr. Vs. Assistant Commissioner of Income Tax," which established that quashing of prosecution is automatic when penalties are cancelled due to lack of concealment. The petitions were allowed, and interim orders vacated. Case-Laws Income Tax Tue, 29 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431581