2000 (3) TMI 11 - HC - Income Tax

Summary

The High Court of Patna quashed the order of the Special Subordinate Judge, Economic Offences, Patna, taking cognizance of the offence under sections 276C and 277 of the Income-tax Act against the petitioners. The Income-tax Appellate Tribunal set aside the assessing authority's finding of income concealment by the petitioners, leading to the court deeming the prosecution an abuse of process and unsustainable in law. The application for quashing the order was allowed.