HC Quashes Section 276B Proceedings as TDS was already deposited & penalty proceedings were not initiated

A.M. Enterprises and Another Vs State of Jharkhand and Another (Jharkhand High Court) Introduction: The Jharkhand High Court recently passed a landmark judgment in the case of A.M. Enterprises and Another Vs State of Jharkhand and Another, quashing criminal proceedings against the petitioner related to failure to deposit TDS (Tax Deducted at Source). The case provides a crucial interpretation of Section 276B read with Section 278B of the Income Tax Act, 1961. Context of the Petition: The petition aimed to quash the entire criminal proceeding, including the order dated 02.05.2018, for Economic ...