No Section 278AA Prosecution for TDS Delays due to Reasonable Cause: Orissa HC

D.N. Homes Pvt. Ltd. Vs Union of India (Orissa High Court) Orissa High Court reviewed a revision petition challenging the legality of an order passed by the Additional Chief Judicial Magistrate (Special Court), Cuttack, in a case under Sections 276B and 278B of the Income Tax Act, 1961. The case arose from a complaint alleging that D.N. Homes Pvt. Ltd. failed to deposit tax deducted at source (TDS) within the stipulated timeframe. The petitioners argued that the delay occurred due to the COVID-19 pandemic during the financial year 2020-21. Despite eventually depositing the TDS along with the a...