Deposit of TDS Deducted with Interest: Bombay HC quashes Criminal Proceedings against Directors

The Bombay High Court quashed criminal proceedings against company directors for the delayed deposit of Tax Deducted at Source (TDS), ruling that the payment was eventually made with interest. The court emphasized that once the dues, including interest, are paid, criminal charges should not be pursued. This judgment provides relief to corporate directors facing criminal liability for procedural delays in TDS payments and reinforces the principle that penalties should not extend to criminal prosecution if rectifications are made.