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Case lawHigh Court › Sree Metaliks Limited v Union of India
High CourtHelps taxpayerValidity unconfirmeds.276Bs.278Bs.278AAs.279(1)s.201s.221

Sree Metaliks Limited v Union of India

We deposited the TDS late, with interest, and the Department accepted it — then launched a s.276B prosecution against the company and its directors. Can the complaint be quashed?

We deposited the TDS late, with interest, and the Department accepted it — then launched a s.276B prosecution against the company and its directors. Can the complaint be quashed?

On this judgment, yes, where the delay is explained. The Orissa High Court quashed a s.276B read with s.278B prosecution for delays of between 15 and 394 days in FY 2019-20, holding the delay well explained by the company's insolvency resolution process and the COVID-19 restrictions, and noting that the prosecution had been launched only after the Department had received the TDS along with interest. It followed the Jharkhand High Court in Dev Multicom and its own earlier decision in D.N. Homes.

Decided by the High Court (Sibo Sankar Mishra J) on 2024-04-15, reported as CRLMC No. 1921 of 2023 (High Court of Orissa at Cuttack); heard 08.04.2024. It bears on section 276B, section 278B, section 278AA, section 279(1), section 201, section 221 of the Income Tax Act 1961, in Prosecution and TDS Defaults matters.

Validity check could not be completed. Validity check could not be completed, and two qualifications must be carried with this judgment. First, the same Judge in Binod Pattanayak v. Union of India, CRLMC No.3284 of 2023, decided 07.01.2025, and in Jaswant Singh v. Union of India, CRLMC No.236 of 2022, decided 23.12.2024 — both read on this pass — declined to quash s.276B prosecutions and instead relegated the accused to compounding under the CBDT guidelines dated 17.10.2024, in each case where this judgment had been cited as directly covering the matter. It was not distinguished or disapproved, but the practical approach in that High Court has changed. Second, this case concerns FY 2019-20. The Finance (No. 2) Act 2024 is understood to have inserted a proviso to s.276B with effect from 1 October 2024 barring prosecution where the tax deducted is paid before the time prescribed for filing the quarterly statement for that quarter; the enacted words and commencement of that proviso could NOT be verified from a current primary source on this pass, so nothing is stated about it and the label 'superseded by amendment' has not been applied. A later pass must verify the proviso and revisit this label. No search for an appeal against this judgment was carried out. On the verification pass a further datum was established, though not from a source this project will state statutory text from: the successor provision, s.476 of the Income-tax Act 2025, carries in its sub-section (2) an express bar in the same terms — the section does not apply if the payment has been made to the credit of the Central Government on or before the time prescribed for filing the statement under s.397(3)(b) — and s.477(2) carries the parallel bar for tax collected at source. That corroborates the substance of the 2024 proviso to s.276B and answers the open question whether a parallel bar exists for s.276BB, but the enacted words of the 1961 Act proviso and its commencement still require a primary source.

Why it matters

This is the fullest recent statement of the reasonable-cause defence to a s.276B prosecution, and it is useful because it accepts commercial causes — an admitted insolvency proceeding under s.7 of the Insolvency and Bankruptcy Code with an approved resolution plan, and the pandemic — as an explanation for delays running well beyond a year. It also records the Department's own position on the 2008 circular, that a s.276B case is to be processed for prosecution where the tax deducted is Rs.25,000 or more and is not deposited within twelve months, which is worth having when arguing that a shorter delay should not have been taken up at all. Two limits must be carried with it. The first is temporal: this concerns a period long before the proviso to s.276B said to have been inserted by the Finance (No. 2) Act 2024 with effect from 1 October 2024, and the enacted words of that proviso could not be verified on this pass, so a reader must check it directly for any period from that date. The second is that the same Judge, nine months later and after the CBDT's compounding guidelines of 17 October 2024, declined to exercise the same jurisdiction and relegated the accused to compounding.

Binding within that High Court's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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