2002 (12) TMI 67

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.... filed on behalf of the Union of India respectively against the order dated November 24, 1992, passed by the Additional Chief Judicial Magistrate, Economic Offence, Indore, in Criminal Case No. 57 of 1990 and Criminal Case No. 56 of 1990 whereby the accused-respondent was acquitted of the offence under section 276C of the Income-tax Act, 1961 (for short "the Act"). For both the aforesaid appeal....

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....y for the assessment years 1985-86 and 1986-87, with the intention to escape from the payment of tax on the said income. The Assessing Officer, imposed a penalty of Rs. 20,000 and Rs. 15,000, respectively, for the assessment years 1985-86 and 1986-87 under section 271(1)(c) of the Act and also filed a complaint before the trial court for initiating prosecution against the respondent-assessee for t....

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....e impugned orders acquitted the accused-respondent of the offence under section 276C of the Act. Aggrieved, the appellant has filed these two appeals under section 378 of the Criminal Procedure Code. Leave to appeal as prayed for, was granted in both the appeals vide order dated December 3, 1998, by this court. I have heard Shri R.L. Jain, learned counsel appearing for the appellant, and Shri H....