2025 (2) TMI 778 - SCH - Income Tax

Offence punishable u/s 276B - TDS (Tax Deducted at Source) was collected by the company but not deposited into the Central Government account in time - delay of payment on 39 occasions as per the online data available - as decided by HC 2024 (1) TMI 1440 - TELANGANA HIGH COURT when the entire amount of TDS along with interest was paid even prior to the first communication from the Department and the balance interest amount was paid after the notice this Court deems it appropriate to quash the proceedings against the petitioners - HELD THAT - There is a gross delay of 239 days in filing the special leave petition. The reasons assigned for seeking condonation of delay are neither sufficient in law so as to condone the same nor satisfactory. Hence the application seeking condonation of delay is dismissed. Consequently the special leave petition also stands dismissed.

Summary

The Supreme Court, in a judgment by Hon'ble Mrs. Justice B. V. Nagarathna and Hon'ble Mr. Justice Satish Chandra Sharma, dismissed a special leave petition due to a gross delay of 239 days in filing. The reasons provided for seeking condonation of delay were deemed insufficient in law, leading to the dismissal of both the application and the petition. Pending application(s) were also disposed of accordingly.