1984 (12) TMI 3

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....inst the order of acquittal of A-1, A-2 and A-4 to A-16 in C. C. No. 49/81 on the file of the Special Judge for Economic Offences, Hyderabad. All the accused were charged with the offences punishable under sections 276C(1)(i) and 277(i) of the Income-tax Act, 1961. The learned special judge, however, convicted A-1 and A-3 of both the charges. As A-1 is a firm, no sentence of fine was even inflicte....

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.... are compulsorily punishable both with imprisonment and fine and that the circumstance that no sentence of imprisonment can be inflicted on a firm does not exonerate the liability of the firm to receive a sentence of fine. In other words, according to learned counsel for the appellant, the firm can compulsorily be visited with a sentence of fine. I find it, however, difficult to accede to his subm....