HC directs to decide on application for compounding of offence related to TDS

Hemant Nevandram Lalwani Vs ITO (TDS) (Bombay High Court) 1. A complaint u/s. 276B, r/w. section 278B of the Income Tax Act, 1961, relevant to the Financial Year 2016-17, has been filed and is pending before the Court of learned Additional Chief Metropolitan Magistrate’s 38th Court at Mumbai. The said complaint has been filed against the company-Manik Industries, Mumbai and its Directors for their failure to deposit the Tax Deducted at Source, which was their obligation in terms of Section 204 of the Act. Failure to deposit the tax deducted at source entails prosecution in terms of section 2...