2023 (6) TMI 1174 - SCH - Income Tax

Prosecution for commission of offence u/s 276B r/w 278B - Sanction u/s 279(1) - TDS deducted but not deposited in time - offence allegedly committed u/s 276(B) and 278(B) - As per HC amount has already been deposited with interest and there is no reason why the criminal proceeding shall proceed and the criminal proceeding was launched after receiving the said amount with interest, had it been a case that the case was immediately instituted and thereafter the TDS amount has been deposited with interest, the matter would have been different - HELD THAT - SLP dismissed.

Summary

The Supreme Court dismissed the special leave petition after hearing the petitioner's counsel. The delay was condoned, and pending applications were disposed of.