2002 (4) TMI 51 - HC - Income Tax

Summary

The High Court of Punjab and Haryana acquitted the respondent-firm and its partners in a case under sections 276C and 277 of the Income-tax Act, 1961. The court found that the prosecution failed to prove its case beyond a shadow of doubt. The order of penalty was set aside by the Tribunal as no case for penalty imposition was made out. The petition for appeal was dismissed as no ground for appeal was found.