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of <h1>Tax Evasion by Contractors: Compliance with Section 285A of Income Tax Act Urged; Quarterly Penalty Reports Required.</h1> The circular addresses the issue of tax evasion by contractors, emphasizing the importance of compliance with Section 285A of the Income Tax Act, 1961. It highlights that many contractors are failing to submit required notifications, leading to breaches. The Board instructs Income Tax Officers (ITOs) to verify contractor compliance and report defaults to Commissioners for potential action under Section 285A(2). Additionally, investigating agencies are encouraged to gather contract information from government departments. The Board requests quarterly reports on penalties imposed, with specific deadlines for submission of these reports.
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