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Bombay HC Quashes Tax Evasion Case Against Abu Jani, Sandeep Khosla; Says Delayed Payment Not Wilful Evasion
The Bombay High Court quashed criminal proceedings against fashion designers Abu Jani and Sandeep Khosla and their company over alleged tax evasion. The court held that delayed payment of tax alone cannot amount to wilful evasion under Section 276C(2). The company had paid Rs 5.27 lakh in tax three days after receiving a show-cause notice.
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