1993 (11) TMI 51 - HC - Income Tax

Summary

The High Court of Madras quashed further proceedings in cases against the second accused due to lack of necessary allegations under section 278B of the Income-tax Act in the complaint. The accused had accepted a cash deposit in violation of section 269SS of the Income-tax Act. The court found that the allegations did not bring the petitioner under section 278B, leading to the quashing of the proceedings.