https://www.taxtmi.com/caselaws?id=754463 Where tax deducted at source is deposited belatedly, prosecution under Section 276B of the Income-tax Act, 1961 will not survive if the accused proves reasonable cause under Section 278AA. The High Court noted that the deductors had later remitted the tax with interest and supported the delay with material showing delayed reimbursement by the State Government. On that factual basis, the explanation was accepted as sufficient reasonable cause, and criminal proceedings were held unwarranted and liable to be quashed under Section 482 of the Code of Criminal Procedure, 1973. en-us Fri, 21 Jun 2024 00:00:00 +0530 Mon, 24 Jun 2024 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754463 Where tax deducted at source is deposited belatedly, prosecution under Section 276B of the Income-tax Act, 1961 will not survive if the accused proves reasonable cause under Section 278AA. The High Court noted that the deductors had later remitted the tax with interest and supported the delay with material showing delayed reimbursement by the State Government. On that factual basis, the explanation was accepted as sufficient reasonable cause, and criminal proceedings were held unwarranted and liable to be quashed under Section 482 of the Code of Criminal Procedure, 1973. Case-Laws Income Tax Fri, 21 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754463