https://www.taxtmi.com/caselaws?id=17727 Delayed deposit of tax deducted at source under section 276B was treated as unwarranted for prosecution where the applicable government notification exempted initiation of proceedings if the cumulative interest under section 201(1A) for the relevant years was below the prescribed threshold and the tax had been credited to the Central Government. On the facts noted, the interest was stated to be below the limit, and the Union's concession supported that view. The criminal prosecution and cognizance order were therefore quashed as an abuse of the process of the Court. en-us Tue, 21 May 1996 00:00:00 +0530 Thu, 24 Sep 2009 13:27:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17727 Delayed deposit of tax deducted at source under section 276B was treated as unwarranted for prosecution where the applicable government notification exempted initiation of proceedings if the cumulative interest under section 201(1A) for the relevant years was below the prescribed threshold and the tax had been credited to the Central Government. On the facts noted, the interest was stated to be below the limit, and the Union's concession supported that view. The criminal prosecution and cognizance order were therefore quashed as an abuse of the process of the Court. Case-Laws Income Tax Tue, 21 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17727