https://www.taxtmi.com/caselaws?id=312784 The HC refused to quash criminal proceedings under Section 277 of the Income Tax Act against accused who sought immunity from the Settlement Commission. The court held that Section 245I immunity was not applicable since prosecution was initiated in 2016, two years before the Settlement Commission application in 2018. The accused had concealed the pending prosecution from the Settlement Commission when seeking immunity. Additionally, the immunity order was under appeal before the Board, making it non-conclusive. The criminal proceedings remained valid and continued. en-us Thu, 02 Nov 2023 00:00:00 +0530 Wed, 28 Aug 2024 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312784 The HC refused to quash criminal proceedings under Section 277 of the Income Tax Act against accused who sought immunity from the Settlement Commission. The court held that Section 245I immunity was not applicable since prosecution was initiated in 2016, two years before the Settlement Commission application in 2018. The accused had concealed the pending prosecution from the Settlement Commission when seeking immunity. Additionally, the immunity order was under appeal before the Board, making it non-conclusive. The criminal proceedings remained valid and continued. Case-Laws Income Tax Thu, 02 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312784