Prosecution Quashed Due to COVID-19 Related Delay in TDS/TCS Deposit

Kashvi International Pvt. Ltd. & another Vs Union of India (Orissa High Court) In the case of Kashvi International Pvt. Ltd. v. Union of India, the Orissa High Court quashed prosecution proceedings initiated against the petitioners for delay in depositing TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) amounts. The petitioners had collected these taxes for the financial year 2021-2022 but failed to deposit them within the prescribed timeline, resulting in the initiation of criminal proceedings under Sections 276B and 276BB of the Income Tax Act. The delay ranged from 1 to 84...