https://www.taxtmi.com/caselaws?id=14938 Prosecution for failure to deduct or remit tax deducted at source under section 276B cannot be maintained against directors as principal officers unless the statutory notice under section 2(35)(b) is issued where required. The note also states that delayed remittance is not penal if the prosecution cannot prove absence of reasonable cause or excuse beyond reasonable doubt, particularly where financial stringency and losses are shown. Allegations of cheating under sections 420 and 511 fail without clear dishonest inducement or attempt to deceive the Revenue. The authorisation to prosecute under section 279(1) was treated as valid. en-us Mon, 20 Jul 1998 00:00:00 +0530 Mon, 27 Jul 2009 12:06:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14938 Prosecution for failure to deduct or remit tax deducted at source under section 276B cannot be maintained against directors as principal officers unless the statutory notice under section 2(35)(b) is issued where required. The note also states that delayed remittance is not penal if the prosecution cannot prove absence of reasonable cause or excuse beyond reasonable doubt, particularly where financial stringency and losses are shown. Allegations of cheating under sections 420 and 511 fail without clear dishonest inducement or attempt to deceive the Revenue. The authorisation to prosecute under section 279(1) was treated as valid. Case-Laws Income Tax Mon, 20 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14938