2001 (10) TMI 33 - HC - Income Tax

Summary

The High Court of Punjab and Haryana allowed an appeal filed by Raja Ram and Company against their conviction under sections 276C/277 of the Income-tax Act, 1961. The court found that the charge of wilful tax evasion was not proved due to lack of evidence, including a conditional statement by a non-partner. The appeal was dismissed, stating that the findings of the trial court were supported by evidence. The petition for appeal by the Revenue was dismissed.