https://www.taxtmi.com/caselaws?id=346138 The court quashed the order taking cognizance under Section 276B of the Income Tax Act against the petitioner, citing the reasonable cause for the failure to deposit TDS within the specified time due to an oversight by the Accountant. The court emphasized adherence to CBDT instructions discouraging prosecution in such cases and granted immunity under Section 278AA, concluding that the criminal proceeding would amount to harassment. As a result, the prosecution against the petitioner was quashed, providing relief from prosecution under the specified sections of the Income Tax Act. en-us Wed, 02 Aug 2017 00:00:00 +0530 Tue, 26 Sep 2017 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346138 The court quashed the order taking cognizance under Section 276B of the Income Tax Act against the petitioner, citing the reasonable cause for the failure to deposit TDS within the specified time due to an oversight by the Accountant. The court emphasized adherence to CBDT instructions discouraging prosecution in such cases and granted immunity under Section 278AA, concluding that the criminal proceeding would amount to harassment. As a result, the prosecution against the petitioner was quashed, providing relief from prosecution under the specified sections of the Income Tax Act. Case-Laws Income Tax Wed, 02 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346138