1993 (6) TMI 4 - HC - Income Tax

Summary

The High Court of Gauhati upheld the lower court's decision to discharge the respondents in a case involving allegations under section 277 of the Income-tax Act, 1961. The prosecution failed to provide sufficient evidence to support the charge, as the balance-sheet in question was not properly authenticated and no concrete proof of fictitious liabilities was presented. The revision petition was dismissed. (Case citation: 1993 (6) TMI 4 - Gauhati High Court, Judge: U. L. BHAT)