2001 (10) TMI 56 - HC - Income Tax

Summary

The High Court judgment involved a complaint under section 276C(2) of the Income-tax Act, 1961, against a firm and its partners for alleged tax evasion. The court found that full payment was made by the assessee by March 24, 1992, and there was no evidence of wilful evasion. The court dismissed the application for appeal, stating that no grounds were made out for granting leave to appeal.