Delay in TDS deposit without reasonable cause punishable with imprisonment & fine

ITO Vs Ichibaan Automobiles Pvt Ltd (ACMM)

Conclusion: Deposit of TDS deducted to the credit of the Central Government with delay of 12 months without having reasonable cause was punishable with rigorous imprisonment of 3 months and fine of Rs.5,000/­ (Rs. Five Thousand only) each for having committed offence..

Held: The complainant submitted that accused No.01 was a private limited company and accused No.02 was the principal officer of accused No.01 under obligation u/sec. 192 to de

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