https://www.taxtmi.com/caselaws?id=795609 Prosecution for wilful tax evasion under Section 276C(1)(i) cannot continue where the ITAT has quashed the related Section 271AAB penalty and negated the foundational finding of concealment. As the penalty and prosecution arose from the same search-related allegations, and the Tribunal's order remained unstayed despite a pending departmental appeal, continuation of prosecution would constitute an abuse of process. The notes state that a coordinate bench had already adopted the same approach, and the issue was decided in favour of the assessee. en-us Fri, 08 May 2026 00:00:00 +0530 Fri, 24 Jul 2026 08:36:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795609 Prosecution for wilful tax evasion under Section 276C(1)(i) cannot continue where the ITAT has quashed the related Section 271AAB penalty and negated the foundational finding of concealment. As the penalty and prosecution arose from the same search-related allegations, and the Tribunal's order remained unstayed despite a pending departmental appeal, continuation of prosecution would constitute an abuse of process. The notes state that a coordinate bench had already adopted the same approach, and the issue was decided in favour of the assessee. Case-Laws Income Tax Fri, 08 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795609