https://www.taxtmi.com/caselaws?id=444486 Belated deposit of TDS may attract statutory protection where the delay is shown to have occurred for reasonable cause. The Jharkhand HC accepted that the company's industrial sickness and pendency of BIFR proceedings constituted reasonable cause, so Section 278AA of the Income-tax Act protected the petitioners despite prosecution under Sections 276B and 278B. As the tax had already been deposited, though late, the Court found no basis to continue the criminal proceeding and quashed the prosecution. en-us Wed, 11 Oct 2023 00:00:00 +0530 Wed, 18 Feb 2026 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444486 Belated deposit of TDS may attract statutory protection where the delay is shown to have occurred for reasonable cause. The Jharkhand HC accepted that the company's industrial sickness and pendency of BIFR proceedings constituted reasonable cause, so Section 278AA of the Income-tax Act protected the petitioners despite prosecution under Sections 276B and 278B. As the tax had already been deposited, though late, the Court found no basis to continue the criminal proceeding and quashed the prosecution. Case-Laws Income Tax Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444486