launching prosecution under section 276C(1) r.w.s.
278B and 278E for assessment years 2011-12 and 2013-14. The applicant is show
caused ... Directors were simultaneously liable
for prosecution being co-accused under section 278B of the Act. However, before
prosecution is sanctioned in the case of applicant
under Section 2(35) of the Act, By the introduction of Section 278B by the Taxation Laws (Amendment) Act of 1975, with effect from October ... amendment made to the provisions of Section 140(c) and Section 278B of the Act and the ratio of this decision has also no application
Court has observed as under:
Prosecution--Offence under Sections 276B r/w 278B--Trustees accused--Beneficiaries individual--Status of the trustees being same as that ... case of such trustees--Prosecution under Section 276B r/w Rule 278B for non-compliance with Section 194A is invalid and quashed--CWT v. Trustees
initiation of proceedings u/s. 2711A read with section 278B
without any cogent material found during search and or any material
on record during assessment
Respondent Public Authority was in favour of the offences u/s 278B of
the Income Tax Act, 1961 committed by the said Company
still pending in the Court under Section 276(c) read with
Section 278B of the Income Tax Act, 1961 against the assessee
Ramakrishna Prasad vs D/O Personnel &Amp Administrative ... on 5 March, 2020
1 OA
Ramakrishna Prasad Mv & Anr vs T M Vijay Bhaskar on 5 March, 2020
1
declared as
a wilful defaulter and proceedings under Section 276C read with 278B and
278 E of the Income Tax Act, 1961 have also been
declared as
a wilful defaulter and proceedings under Section 276C read with 278B and
278 E of the Income Tax Act, 1961 have also been
