Prosecution not to be launched in case matter was already pending before authorities

Sayarmull Surana Vs ITO (Madras High Court) Conclusion: No necessity for Department to have launched prosecution hurriedly when the case was pending before lower authorities as the law of limitation under Section 468 Cr.P.C. for criminal prosecution had been excluded by the Economic Offences (Inapplicability of Limitation) Act, 1974. Held: Assessee-accused filed his returns showing income at Rs.48,150/-. Income Tax Officer conducted investigation and determined the income at Rs.29,05,126/-. Challenging the said determination, assessee took the matter on appeal to CIT (Appeals) and then Tribun...