https://www.taxtmi.com/caselaws?id=35664 Where the competent tax appellate authority has conclusively found no concealment of income and no furnishing of inaccurate particulars, criminal prosecution based on the same allegations cannot be sustained. The Tribunal had cancelled penalty after finding that the alleged inflated purchases and related concealment were not established, and that finding was affirmed in the tax proceedings. Applying that principle, the High Court held that the prosecution under the Income-tax Act and the Indian Penal Code lacked foundation and could be quashed in inherent jurisdiction. en-us Thu, 31 Jul 1980 00:00:00 +0530 Mon, 15 Mar 2010 18:41:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35664 Where the competent tax appellate authority has conclusively found no concealment of income and no furnishing of inaccurate particulars, criminal prosecution based on the same allegations cannot be sustained. The Tribunal had cancelled penalty after finding that the alleged inflated purchases and related concealment were not established, and that finding was affirmed in the tax proceedings. Applying that principle, the High Court held that the prosecution under the Income-tax Act and the Indian Penal Code lacked foundation and could be quashed in inherent jurisdiction. Case-Laws Income Tax Thu, 31 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35664