Belated Deposit of TDS Does Not Extinguish Criminal Liability under the Income Tax Act: Delhi High Court

The Delhi High Court has clarified that belated deposit of Tax Deducted at Source (TDS) does not wipe out criminal liability under the Income Tax Act, 1961. The Court held that once an offence under Section 276B is made out, later payment of TDS cannot automatically protect an assessee or company officials from prosecution. Facts leading to the case The case arose from a criminal complaint filed by the Income…