https://www.taxtmi.com/caselaws?id=369985 The Bombay HC expressed concern over widespread non-issuance of Form No.16 by employers, noting the adverse impact on salaried employees and the lack of transparency regarding defaulters. It directed the Income Tax authorities to file a comprehensive affidavit, bring the issue to the attention of the Ministry of Finance, and place information on defaulting employers, while indicating that penal and administrative measures contemplated by law should be considered. The Court also recorded a prima facie view that failure to issue Form No.16 may attract criminal breach of trust under Section 405 IPC and sought the respondent's response on the applicability of that provision. en-us Mon, 15 Oct 2018 00:00:00 +0530 Tue, 06 Nov 2018 07:20:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369985 The Bombay HC expressed concern over widespread non-issuance of Form No.16 by employers, noting the adverse impact on salaried employees and the lack of transparency regarding defaulters. It directed the Income Tax authorities to file a comprehensive affidavit, bring the issue to the attention of the Ministry of Finance, and place information on defaulting employers, while indicating that penal and administrative measures contemplated by law should be considered. The Court also recorded a prima facie view that failure to issue Form No.16 may attract criminal breach of trust under Section 405 IPC and sought the respondent's response on the applicability of that provision. Case-Laws Income Tax Mon, 15 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369985