1997 (2) TMI 72 - HC - Income Tax

Summary

The High Court of Patna quashed the criminal proceeding in Complaint Case No. 166 of 1992 under sections 276C and 277 of the Income-tax Act. The petitioner was accused of tax evasion, but the penalty imposed was later found to be invalid by the Income-tax Tribunal. Citing a similar case, the court allowed the application and quashed the criminal proceeding against the petitioner.