2025 (1) TMI 661 - SCH - Income Tax

Proceedings for an offence u/s 276B - 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 the 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 exercise our jurisdiction under Article 136 of the Constitution of India. Special leave petition is, accordingly, dismissed.

Summary

The Supreme Court, with Justices Dipankar Datta and Manmohan presiding, issued an order regarding a special leave petition. The Court, after hearing the counsel for the petitioner, decided not to exercise its jurisdiction under Article 136 of the Constitution of India. Consequently, the special leave petition was dismissed. The Court also noted that any pending applications would be disposed of.