2025 (4) TMI 219 - SCH - Income Tax

Proceedings for an offence u/s 276-B - non-payment/belated remittance of the TDS - Failure to pay tax to the credit of Central Government - interpretation given to term reasonable cause - as decided by HC 2024 (6) TMI 1070 - ANDHRA PRADESH HIGH COURT reason provided by the Petitioner for the delay in remitting the amount to the Central Government is sufficient to constitute reasonable cause in view of Section 278AA of the I.T. Act and hence criminal prosecution against the Petitioners is not warranted. HELD THAT - We are not inclined to interfere with the impugned judgment and order of the High Court; hence the special leave petition is dismissed.

Summary

The Supreme Court, presided over by Hon'ble Justices Dipankar Datta and Manmohan, addressed the matter involving the petitioner represented by Mr. N Venkatraman, A.S.G., and other legal counsel. The Court issued an order condoning the delay in filing. However, it declined to interfere with the "impugned judgment and order of the High Court," resulting in the dismissal of the special leave petition. Additionally, any pending applications related to the case were disposed of.