1996 (11) TMI 62

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..... he Income-tax Act, 1961 (hereinafter to be referred to as "the Act"), on the sole ground that a sum of Rs. 78,735 shown by the assessee in the return of income towards cash credit account was treated as concealed income and a sum of Rs. 78,735 was accordingly added towards the taxable income of the assessee. Today a supplementary affidavit has been filed in which the order passed by the Appellate .....

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..... the same footing as that of the petitioners, their prosecution is also fit to be quashed in spite of the fact that they have not moved this court. In the result, this application is allowed and prosecution of the petitioners and accused, Devichand Mohanlal and Sri Shyam Sundar Agrawal, is hereby quashed. The application is, thus, disposed of.    
Case laws, Decisions, Judgements, .....

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