INCOME TAX ACT, 1961

Section 276B

Prosecution - Anticipatory bail in connection with Complaint Case being Economic Offence (Complaint) Case registered under section 276B of the Income Tax Act, 1961 - -

Apprehending his arrest, assessee had moved High Court for grant of privilege of anticipatory bail registered under section 276B. Allegation on the assessee was that assessee deducted TDS for the financial year 2016-2017 but did not deposit the same within stipulated period to the credit of Central Government Accounts as per the provisions of Income Tax Act without assigning any reason therefor. Held: Assessee be given the privilege of anticipatory bail. Hence, in the event of his arrest or surrender within a period of four weeks from the date of this order, he shall be released on bail on furnishing bail bond of Rs. 25,000 with two sureties of the like amount each to the satisfaction of Special Judge in connection with Complaint Case being with the condition that the petitioner will cooperate with the trial of the case and other conditions laid down under section 438 (2) Cr. P.C.

REFERRED :

FAVOUR : In assessee's favour

A.Y. :

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