https://www.taxtmi.com/caselaws?id=304191 The court upheld the impugned order under section 276-B of the Income Tax Act, finding the petitioner guilty of not depositing tax deducted at source into the Government Treasury for over 12 to 17 months. The court rejected the petitioner's arguments of financial constraints and lack of mens rea, emphasizing the importance of timely tax payments. The defense's contention that penalty proceedings require a higher standard of proof was dismissed, and the court emphasized the statutory obligation to deposit government monies without misuse for private benefits. The court dismissed the petitions and pending applications, affirming the penalty for willful default in TDS payment. en-us Mon, 15 Oct 2018 00:00:00 +0530 Tue, 13 Sep 2022 05:53:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304191 The court upheld the impugned order under section 276-B of the Income Tax Act, finding the petitioner guilty of not depositing tax deducted at source into the Government Treasury for over 12 to 17 months. The court rejected the petitioner's arguments of financial constraints and lack of mens rea, emphasizing the importance of timely tax payments. The defense's contention that penalty proceedings require a higher standard of proof was dismissed, and the court emphasized the statutory obligation to deposit government monies without misuse for private benefits. The court dismissed the petitions and pending applications, affirming the penalty for willful default in TDS payment. Case-Laws Income Tax Mon, 15 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304191