Director of company can be prosecuted for non-remittance of TDS

Income-Tax Department Vs Vishweshwara Rao Chava (Karnataka High Court) Karnataka High Court held that prosecution against director of the company for non-remittance of TDS by company is tenable. Accordingly, petition of revenue allowed. Facts- The complainant / Income Tax Department by its Assistant Commissioner of Income Tax, TDS Circle-3(1) filed the complaint u/s. 200 of the Code of Criminal Procedure, 1973 alleging that accused No.1 – Company and other accused had not remitted the deducted Tax Deducted at Source (TDS) of Rs.4,84,69,841/- pertaining to the financial year 2013-14 and t...