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K.C. Builders & Anr vs The Assistant Commissioner Of Income ... on 28 January, 2004

Vide order dated 05.12.1994, the appellate tribunal recalled the finding qua levy of interest of ` 35,000/- in question. Thereafter, the petitioners moved an application for deletion of penalties and vide order dated 12.1.2000, Commissioner of Income Tax (Appeals) XXVI ordered that the penalty imposed by the Assessment Officer be deleted. Learned counsel has submitted that in view of the above factual position, the criminal proceedings against the petitioners were liable to be quashed as now nothing remained due against the petitioners. Learned counsel for the petitioners has placed reliance on 'K.C.Builders and another versus Assistant Commissioner of Income-tax, Income Tax Reporters (Vol. 265) 562. The Apex Court has held Crl. Misc. No. M-37034 of 2001 -3 - as under:-
Supreme Court of India Cites 41 - Cited by 179 - A R Lakshmanan - Full Document
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