https://www.taxtmi.com/caselaws?id=450430 The Madras HC quashed criminal proceedings against the petitioner under Sections 276C(2), 276CC, and 276C(1) of the Income Tax Act for willful tax evasion. The prosecution was initiated pursuant to an assessment and penalty order under Section 143(3) read with Section 153A. Since the underlying assessment order was subsequently set aside, the court held that the criminal prosecution could not be sustained until a fresh assessment order was passed. The criminal case pending before the Judicial Magistrate No.III, Coimbatore was accordingly quashed. en-us Thu, 05 Oct 2023 00:00:00 +0530 Tue, 05 Mar 2024 08:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450430 The Madras HC quashed criminal proceedings against the petitioner under Sections 276C(2), 276CC, and 276C(1) of the Income Tax Act for willful tax evasion. The prosecution was initiated pursuant to an assessment and penalty order under Section 143(3) read with Section 153A. Since the underlying assessment order was subsequently set aside, the court held that the criminal prosecution could not be sustained until a fresh assessment order was passed. The criminal case pending before the Judicial Magistrate No.III, Coimbatore was accordingly quashed. Case-Laws Income Tax Thu, 05 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450430