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2004 (1) TMI 38 - HC - Income TaxOrder of acquittal - complaint filed under sections 276C and 277 read with section 278B – Tribunal deleting the penalties - After trial, all the non-petitioners were acquitted with the observation that in view of the order passed by the Tribunal, they could not be held guilty of concealment of income or furnishing of inaccurate particulars of income - Held that the result of the proceedings under the Act is one of the major factors to be considered and the resultant finding in the said proceedings will have some bearing in deciding the criminal prosecution in appropriate cases - Thus we hold that the trial court did not commit any error by acquitting the non-petitioners.
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