https://www.taxtmi.com/caselaws?id=763771 Delay in depositing TDS and TCS was treated as sufficiently explained where the remittance was made late because of COVID-19 disruption and its economic impact on the business. The HC relied on earlier decisions recognising the pandemic as a reasonable cause in delayed tax deposit cases, especially where the tax had ultimately been paid with interest and no revenue loss remained. Although the offences were compoundable and an alternate remedy would ordinarily be expected, the Court found exceptional circumstances justifying interference under Section 482 CrPC and quashed the prosecution and cognizance order. en-us Mon, 23 Dec 2024 00:00:00 +0530 Fri, 27 Dec 2024 09:00:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763771 Delay in depositing TDS and TCS was treated as sufficiently explained where the remittance was made late because of COVID-19 disruption and its economic impact on the business. The HC relied on earlier decisions recognising the pandemic as a reasonable cause in delayed tax deposit cases, especially where the tax had ultimately been paid with interest and no revenue loss remained. Although the offences were compoundable and an alternate remedy would ordinarily be expected, the Court found exceptional circumstances justifying interference under Section 482 CrPC and quashed the prosecution and cognizance order. Case-Laws Income Tax Mon, 23 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763771