2025 (2) TMI 459 - 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 in exercise of jurisdiction under Article 136 of the Constitution of India; hence the special leave petition is dismissed. Pending application(s) if any shall stand disposed of.

Summary

The Supreme Court, with Hon'ble Mr. Justice Dipankar Datta and Hon'ble Mr. Justice Manmohan presiding, dismissed the special leave petition under Article 136 of the Constitution of India, stating that they are not inclined to interfere. The delay was condoned, and any pending applications were disposed of. The petitioner was represented by Mr. N Venkatraman, A.S.G., Mr. Rupesh Kumar, Sr. Adv., Mr. Raj Bahadur Yadav, AOR, Mr. Padmesh Mishra, Adv., Mr. Rajeev Ranjan, Adv., and Mr. Brijesh Yadav, Adv.