Delhi HC Restores Conviction for Delay in Depositing TDS — Financial Hardship Not a Valid Defence

ITO Vs Great Indian Nautanki Co. Pvt. Ltd (Delhi High Court)

In ITO vs Great Indian Nautanki Company Pvt. Ltd. (Delhi High Court), the Court dealt with an appeal filed by the Income Tax Department challenging the acquittal of the respondent company by the Sessions Court in a case concerning delayed deposit of Tax Deducted at Source (TDS) for the financial year 2012–13. The High Court held that the company had committed an offence under Section 276B of the Income Tax Act, 1961, but considering the circumstances and that the dues were fully paid with interest, modified the

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