https://www.taxtmi.com/caselaws?id=17137 The court set aside the charges against the petitioners, partners of a firm, under section 276B of the Income-tax Act, finding that they had not committed an offense. The court interpreted the Explanation to section 194A inserted in 1987, emphasizing strict construction of provisions imposing penal liability. It held that the petitioners complied with the law as it stood before the amendment, allowing them to pay tax within a specified period after crediting interest to the creditor's account. The complaints were dismissed, and the petitioners were discharged of the offenses. en-us Wed, 12 Mar 1997 00:00:00 +0530 Tue, 15 Sep 2009 13:42:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17137 The court set aside the charges against the petitioners, partners of a firm, under section 276B of the Income-tax Act, finding that they had not committed an offense. The court interpreted the Explanation to section 194A inserted in 1987, emphasizing strict construction of provisions imposing penal liability. It held that the petitioners complied with the law as it stood before the amendment, allowing them to pay tax within a specified period after crediting interest to the creditor's account. The complaints were dismissed, and the petitioners were discharged of the offenses. Case-Laws Income Tax Wed, 12 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17137