https://www.taxtmi.com/caselaws?id=758548 Jharkhand HC quashed criminal proceedings under sections 276(C)(2) and 277 of Income Tax Act against petitioner for alleged willful tax evasion. Court found petitioner had filed return showing tax liability for 2011-12 but deposited tax later with interest under section 240(A). Since no penalty proceedings were initiated and no recovery proceedings were pending, court presumed no concealment occurred. Following precedent in Pralay Pal case, HC held petitioner cannot face criminal trial when penalty provision was not invoked, making prosecution unsustainable in law. en-us Wed, 07 Aug 2024 00:00:00 +0530 Sat, 14 Sep 2024 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758548 Jharkhand HC quashed criminal proceedings under sections 276(C)(2) and 277 of Income Tax Act against petitioner for alleged willful tax evasion. Court found petitioner had filed return showing tax liability for 2011-12 but deposited tax later with interest under section 240(A). Since no penalty proceedings were initiated and no recovery proceedings were pending, court presumed no concealment occurred. Following precedent in Pralay Pal case, HC held petitioner cannot face criminal trial when penalty provision was not invoked, making prosecution unsustainable in law. Case-Laws Income Tax Wed, 07 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758548