https://www.taxtmi.com/caselaws?id=460710 Criminal prosecution for delayed remittance of TDS/TCS under the Income-tax Act may be quashed where the delay is satisfactorily explained, the tax is later deposited with interest, and the matter falls within binding precedent and the relevant departmental circular. The Orissa HC treated COVID-19 restrictions as a sufficient explanation on the facts noted and relied on its earlier decision in Sree Metaliks Limited, which had applied the departmental policy for cases where tax and interest stood paid. The cognizance order and consequential proceedings were quashed against the petitioner. en-us Wed, 01 May 2024 00:00:00 +0530 Tue, 11 Feb 2025 21:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460710 Criminal prosecution for delayed remittance of TDS/TCS under the Income-tax Act may be quashed where the delay is satisfactorily explained, the tax is later deposited with interest, and the matter falls within binding precedent and the relevant departmental circular. The Orissa HC treated COVID-19 restrictions as a sufficient explanation on the facts noted and relied on its earlier decision in Sree Metaliks Limited, which had applied the departmental policy for cases where tax and interest stood paid. The cognizance order and consequential proceedings were quashed against the petitioner. Case-Laws Income Tax Wed, 01 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460710