1991 (10) TMI 32 - HC - Income Tax

Summary

The High Court set aside the appeal and convicted Anil Kumar of M/s. Ashok Steel Trading Corporation under section 276B of the Income-tax Act, 1961, imposing a fine of Rs. 12,000. The court held that a partnership concern can be prosecuted and punished under the Act. The judgment of the Additional Sessions Judge was overturned.