HON’BLE SRI JUSTICE K. LAKSHMAN CRIMINAL APPEAL No.67 OF 2023

JUDGMENT

This Criminal Appeal is filed by Accused No.2 challenging the same judgment dated 12.01.2023 passed by Special Judge for Economic Offences, Hyderabad (for short ‘trial Court’) in C.C. No.246 of 2016.

2. Heard Mr. R. N. Hemendranath Reddy, learned Senior Counsel representing Mr. G.V.L. Murthy, learned counsel for the appellant - accused No.2 and Mrs. J. Sunitha, learned Senior Standing Counsel for Income Tax appearing on behalf of respondent No.2.

3. Vide the aforesaid judgment, the trial Court found the appellant herein - accused No.2 guilty of the offence punishable under Section - 276CC read with 278B of the Income Tax Act, 1961 (for short ‘Act, 1961’) and accordingly sentenced him to undergo rigorous imprisonment for one (01) year and to pay a fine of Rs.3,000/- (Rupees Three Thousand Only), in default, to undergo simple imprisonment for fifteen (15) days for the said offence.

4. The case of the prosecution against the appellant herein and other accused is as under:

i) Accused No.1 - M/s. Ilios India Private Limited is a Company incorporated under the Companies Act, 1956, while accused Nos.2 to 4 including the ap