https://www.taxtmi.com/article/detailed?id=11976 Failure to deposit tax deducted at source triggers penal liability under Section 276B, while Section 278B makes companies and responsible officers vicariously liable. Section 278AA provides that proof of reasonable cause for non payment bars punishment. Relevant factors include prompt deposit with interest, honest mistake, pendency of industrial sickness proceedings, and undue delay by Revenue in initiating proceedings; where such factors demonstrate reasonable cause, criminal prosecution under Sections 276B/278B may be precluded. en-us Fri, 20 Oct 2023 10:38:12 +0530 Fri, 20 Oct 2023 10:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11976 Failure to deposit tax deducted at source triggers penal liability under Section 276B, while Section 278B makes companies and responsible officers vicariously liable. Section 278AA provides that proof of reasonable cause for non payment bars punishment. Relevant factors include prompt deposit with interest, honest mistake, pendency of industrial sickness proceedings, and undue delay by Revenue in initiating proceedings; where such factors demonstrate reasonable cause, criminal prosecution under Sections 276B/278B may be precluded. Articles Income Tax Fri, 20 Oct 2023 10:38:12 +0530 https://www.taxtmi.com/article/detailed?id=11976