Failure to remit withheld tax attracts custodial sentence and fine under the substituted section 276B.

Failure to pay to the Central Government the tax deducted at source under Chapter XVII-B constitutes a statutory offence attracting criminal liability; the substituted provision prescribes imprisonment together with a fine for a person who withholds tax but fails to remit it to government account, thereby making non-remittance of deducted tax a punishable offence under the Income-tax enactment.

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