Income Tax Act, 1961
Section 276B. FAILURE TO PAY TAX TO THE CREDIT OF CENTRAL GOVERNMENT UNDER CHAPTER XII-D OR XVII-B.
If a person fails to pay to the credit of the Central Government, – (a) The tax deducted at source by him as required by or under the provisions of Chapter XVII-B; or
(b) The tax payable by him, as required by or under, – (i) Sub-section (2) of section 115-O; or
(ii) Second proviso to section 194B, he shall be punishable with rigorous imprisonment for a term which shall not be less than three months but which may extend to seven years and with fine
Related Judgements
DIGVIJAY CEMENT CO. LTD. v. APPROPRIATE AUTHORITY & ORS.
