Belated Deposit Of TDS, Court Quashes Prosecution Against Assessee: Andhra Pradesh High Court

In a significant judgment, the High Court of Andhra Pradesh, Amaravati, has quashed the criminal proceedings against M/s Aditya Institute of Technology and Management, represented by its Principal Officer, V.V. Nageswara Rao, and Chief Accounts Officer, Nallaparaju A. N. Raju, under Section 276B of the Income Tax Act. The petitioners were previously accused of delayed remittance of Tax Deducted at Source (TDS) to the Central Government. Case Background: The case…