HC stays Criminal Proceedings until disposal of Compounding Application u/s 279(2)

S.R.S. Projects and 4 others Vs DCIT (Telangana High Court) This Criminal Petition is filed under Section 482 of the Code of Criminal Procedure, 1973 (for short ‘Cr.P.C.’) by the petitioners/A1 to A5 to quash the proceedings against them in C.C.No.268/2017 on the file of the Special Judge for Economic Offences at Hyderabad. The offences alleged against them are under Sections 276(c)(2) read with Sections 278 B & 278 E of the Income Tax Act, 1961. 2. Learned Counsel appearing for the petitioners would submit that the income-tax authorities have found tax evasion as far as petitioners ar...