According to Oxford dictionaries' definitions acquit(free (someone) from a criminal charge by a verdict of not guilty) and remit(cancel or refrain from exacting or inflicting (a debt or punishment)) are nearly synonymous. But on a graph in "the Hindu", persons with criminal charges acquitted and remitted were shown separately. So, is there any difference?

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    I cannot think of a sense in which they are in any way synonymous. The only sense of "remit" I can find relating to a case in the OED is " (Law) to send back (a case) to a lower court", and no meaning of "acquit" relating to cases (a defendant may be acquitted in a prosecution, but the case is not acquitted). I can only guess that this relates to meanings of the words specific to Indian English. Perhaps if you gave some examples? – Colin Fine Feb 5 at 12:58

They are not synonymous. They are both used in law but mean very different things, even though the outcome of both may seem similar.

Acquit means "to free (someone) from a criminal charge by a verdict of not guilty".

So accused goes to court for the first time to be tried for charges and they are acquitted, meaning they are found not to be guilty in the first instance.

Remit means "to cancel or refrain from exacting or inflicting (a debt or punishment)"

You can only "cancel" something that has already been put in place, so this describes a situation where the accused has been found guilty but the prescribed punishment is then cancelled or not carried out.