MD fined & Sentenced for TDS default of Concerned Company

Suryodaya Infrastructure Pvt. Ltd. Vs ITO (TDS) (Bangalore District Court) The issue under consideration is whether in case of default of TDS in company can the Managing Director of the company held responsible for the same? In the present case, accused No.1 is a registered company and it is engaged in the business of infrastructure projects. Accused No. 2 is the Managing Director of accused No.1 company. Deducted TDS amount was Rs.60,78,468/- as per the TDS Returns filed by the accused No.1. Accused did not deposited the deducted TDS amount within time. But payment with interest was made on 3...