2000 (8) TMI 34 - HC - Income Tax

Summary

The High Court of Delhi dismissed Criminal Revision No. 181 of 1997 challenging a judgment under section 276B of the Income-tax Act, 1961. The petitioner argued that no offence was committed as the amount was payable, not paid. The respondent contended that under the mercantile system, amounts payable are treated as paid. The court found disputed facts requiring adjudication and upheld the order declining discharge.