Prosecution for non-deposit of TDS- Delay in refund of excess TDS paid not acceptable

ITO Vs VCI Hospitality Ltd (Central: Tis Hazari Courts, Delhi) As per complaint, accused has defaulted in timely deposit of TDS amount. However, the due amount for the year 2008-09 has been reduced to Rs. 40/- only but after filing of various correction statements which are admittedly filed after filing of present prosecution. The Ld. Counsel for accused has failed to explain the unconsumed challan amount of Rs. 1,65,494/- and of Rs. 3,73,703/- in respect of FY 2008-09 and FY 2009-10 respectively. The latest figures nowhere shows that there was no default at all in deposit of TDS amount. It on...