https://www.taxtmi.com/caselaws?id=441010 The Court quashed the criminal proceedings against the petitioners in E.O.C.No.390 of 2018, finding them unsustainable following the Appellate Tribunal's decision, which favored the petitioners by highlighting the lack of material evidence for alleged unaccounted cash payments. The Court ruled that a criminal prosecution is not maintainable when the Appellate Tribunal exonerates the petitioners on the same facts. Consequently, the Criminal Original Petition was allowed, and the related miscellaneous petitions were closed. en-us Thu, 13 Jul 2023 00:00:00 +0530 Mon, 05 Feb 2024 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441010 The Court quashed the criminal proceedings against the petitioners in E.O.C.No.390 of 2018, finding them unsustainable following the Appellate Tribunal's decision, which favored the petitioners by highlighting the lack of material evidence for alleged unaccounted cash payments. The Court ruled that a criminal prosecution is not maintainable when the Appellate Tribunal exonerates the petitioners on the same facts. Consequently, the Criminal Original Petition was allowed, and the related miscellaneous petitions were closed. Case-Laws Income Tax Thu, 13 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441010