1994 (11) TMI 64

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....o quash annexure 'A-2' complaint filed by the Assistant Commissioner of Income-tax, Circle-I, Cannanore. The complaint was filed under section 277 of the Income-tax Act, 1961. The petitioner had submitted a return of income for the assessment year 1990-91, showing a loss of Rs. 2,81,565. During the assessment proceedings, the Assessing Officer found that there were cash credits in the names of ....

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.... meantime, the Income-tax Officer, Cannanore, instituted criminal prosecution against the petitioner as C. C. No. 18 of 1994 before the Court of the Additional Chief Judicial Magistrate (Economic Offences), Ernakulam, for offences punishable under sections 276C and 277 of the Income-tax Act. No notice has so far been received by the petitioner, but he understands that a warrant had been issued. Th....