Tax Compliance Wins: Voluntary TDS Deposit and No Malicious Intent Shield Petitioner from Prosecution Under Section 276B

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....HC dismissed prosecution proceedings against petitioner for TDS delay, finding no malicious intent. Despite procedural non-compliance, voluntary deposit of TDS with interest before show cause notice negated prosecution requirements. The court emphasized that mere technical breach does not automatically warrant penal action, particularly when the assessee has rectified the default proactively and no deliberate tax evasion was established. Interim protection continued, with no prosecution sanctioned against the petitioner-company.....