1999 (4) TMI 40 - HC - Income Tax

Summary

The High Court of Madhya Pradesh set aside the conviction of the petitioners under section 276E of the Income-tax Act, 1961. The court ruled that the prosecution launched after April 1, 1989, when section 276E was deleted, was not maintainable. The judgments of the lower courts were quashed, and the fine imposed was directed to be refunded to the petitioners.