https://www.taxtmi.com/caselaws?id=390440 The court upheld the prosecution under section 276-B of the Income Tax Act, 1961 against the petitioners for failure to remit tax deducted at source. The court found the show-cause notice valid, clarified it was not defective for being issued only to the Managing Director, and determined that the sanction order demonstrated proper application of mind. Additionally, the court affirmed the legality of prosecuting for offences punishable with fine and imprisonment, emphasizing corporate accountability for financial irregularities. The petition was dismissed, and the prosecution was upheld. en-us Fri, 06 Sep 2019 00:00:00 +0530 Thu, 02 Jan 2020 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390440 The court upheld the prosecution under section 276-B of the Income Tax Act, 1961 against the petitioners for failure to remit tax deducted at source. The court found the show-cause notice valid, clarified it was not defective for being issued only to the Managing Director, and determined that the sanction order demonstrated proper application of mind. Additionally, the court affirmed the legality of prosecuting for offences punishable with fine and imprisonment, emphasizing corporate accountability for financial irregularities. The petition was dismissed, and the prosecution was upheld. Case-Laws Income Tax Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390440