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.