https://www.taxtmi.com/caselaws?id=762625 HC quashed criminal proceedings against petitioners for offences under sections 276B and 278B of Income Tax Act relating to delayed TDS deposit. Court held that since TDS amount with interest had already been deposited with Income Tax Department, continuing proceedings would constitute abuse of process. Decision followed precedent from Dev Multicom case affirmed by SC and subsequent parliamentary amendment in Finance Act 2024. Cognizance orders by Special Judge for Economic Offences were set aside. en-us Thu, 21 Nov 2024 00:00:00 +0530 Tue, 03 Dec 2024 20:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762625 HC quashed criminal proceedings against petitioners for offences under sections 276B and 278B of Income Tax Act relating to delayed TDS deposit. Court held that since TDS amount with interest had already been deposited with Income Tax Department, continuing proceedings would constitute abuse of process. Decision followed precedent from Dev Multicom case affirmed by SC and subsequent parliamentary amendment in Finance Act 2024. Cognizance orders by Special Judge for Economic Offences were set aside. Case-Laws Income Tax Thu, 21 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762625