1988 (10) TMI 33 - HC - Income Tax

Summary

The High Court quashed a criminal complaint filed against Swastika Metal Works after the Income-tax Appellate Tribunal set aside the finding that credit entries of Rs. 85,000 were not genuine. The court ruled in favor of the petitioners and allowed Criminal Miscellaneous No. 1392-M of 1988, stating that the complaint was groundless. The Revenue could file fresh complaints if the orders of the Commissioner of Income-tax (Appeals) were set aside.