CBDT Circular on Non-initiation of penalty and prosecution proceedings

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Non-initiation of penalty and prosecution proceedings in certain cases of defaulters under Chapter XVII-B

Circular : No. 696, dated 16-12-1994.

It has come to the notice of the Board that some employers are not correctly evaluating the perquisites, allowances or other profits in lieu of or in addition to any salary of wages (referred to as “salaries” hereinafter) paid to their employees for the purpose of deducting tax at source under section 192 of the Income-tax Act, 1961. Such defaulters are liable to penalty proceedings under sections 221 and 271C of the Act, and also liable to prosecution under Chapter XXII of the Act.

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