Tax deducted at source fraud demands stricter verification of TDS certificates, challans and return reconciliations. Fraudulent refund claims were made using bogus tax deducted at source certificates and by failing to deposit TDS within statutory periods. The directive identifies deficiencies: absent or perfunctory checks that tax was actually deducted on interest, that deducted tax was paid to the Central Government, and that quarterly Form No.26A and challans were filed and recorded. Assessing officers have neglected registers, return fields and verification of creditors' accounts and challans. The instruction requires reiteration of procedural checks, reconciliation of returns and challans, and maintenance of registers to prevent such fraud.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deducted at source fraud demands stricter verification of TDS certificates, challans and return reconciliations.
Fraudulent refund claims were made using bogus tax deducted at source certificates and by failing to deposit TDS within statutory periods. The directive identifies deficiencies: absent or perfunctory checks that tax was actually deducted on interest, that deducted tax was paid to the Central Government, and that quarterly Form No.26A and challans were filed and recorded. Assessing officers have neglected registers, return fields and verification of creditors' accounts and challans. The instruction requires reiteration of procedural checks, reconciliation of returns and challans, and maintenance of registers to prevent such fraud.
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