Court Quashes Prosecution Sanction Against E-Commerce Company for TDS Deposit Delay Due to Late Bill Submission by Amazon, E-Bay: Rajasthan High Court

Rajasthan High Court Quashes Prosecution Against E-Commerce Company Over Delayed TDS Submission In a significant ruling, the Rajasthan High Court has set aside the prosecution of an e-commerce company under the Income Tax Act, 1961, regarding delayed submission of TDS (Tax Deducted at Source). The petitioner, M/s Fortune Infovision Pvt. Ltd., was accused of failing to comply with the statutory provisions for TDS submission due to delays caused by e-commerce…