1993 (6) TMI 4

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....led a complaint in the lower court against the respondents alleging commission of an offence punishable under section 277 of the Income-tax Act, 1961. The prosecution examined six witnesses in support of its case. The learned magistrate held that there were no materials on the basis of which a charge could be framed and accordingly discharged the respondents under section 245(1) of the Criminal Pr....

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....onviction that the respondents have committed an offence punishable under section 277 of the Act, namely, making a statement in any verification or delivering an account or statement which is false, and which he either knows or believes to be false, or does not believe to be true. The question is whether the statement in the balance-sheet regarding liabilities and the consequent mention of the tot....