https://www.taxtmi.com/caselaws?id=450471 The HC dismissed the Criminal Original Petition to quash the complaint under Sections 276C(1) and 277 of the Income Tax Act for the assessment year 2012-2013. The Court determined that the criminal prosecution could proceed independently of the adjudication proceedings, despite the petitioner's claim of penalty deletion due to jewelry quantity reconciliation. The ongoing reassessment proceedings and lack of finalized reconciliation did not provide sufficient grounds to quash the complaint, allowing the criminal prosecution to continue. en-us Wed, 08 Nov 2023 00:00:00 +0530 Wed, 06 Mar 2024 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450471 The HC dismissed the Criminal Original Petition to quash the complaint under Sections 276C(1) and 277 of the Income Tax Act for the assessment year 2012-2013. The Court determined that the criminal prosecution could proceed independently of the adjudication proceedings, despite the petitioner's claim of penalty deletion due to jewelry quantity reconciliation. The ongoing reassessment proceedings and lack of finalized reconciliation did not provide sufficient grounds to quash the complaint, allowing the criminal prosecution to continue. Case-Laws Income Tax Wed, 08 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450471