High Court Sets Aside Prosecution for Willful Tax Default After Appellate Order Cancels Penalty Proceedings u/s 276C(1).

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....Prosecution u/s 276C(1) - willful default of payment of tax - There is no doubt that penalty proceeding and prosecution can go simultaneously in the facts and circumstances of the cases, however, in the case in hand, the penalty proceeding has already been set aside in view of the appellate order. - Prosecution proceedings set aside - HC....