TDS Prosecution Quashed After Compounding Fee Paid and 40-Year Delay

Jyotsana Investments Company Limited Vs R. K. De (Calcutta High Court)

 The Calcutta High Court adjudicated a revisional application filed under Section 482 of the Code of Criminal Procedure, 1973, seeking quashing of criminal proceedings in Case No. C-1271 of 1986 pending before the Metropolitan Magistrate, 4th Court, Calcutta. The prosecution had been initiated by the Income Tax Department under Sections 276B(ii) and 278B of the Income Tax Act, 1961, for alleged non-payment of Tax Deducted at Source (TDS) for Assessment Year 1983–1984. The complaint arose from

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