https://www.taxtmi.com/caselaws?id=369985 The High Court addressed the failure of Companies and Corporations to issue Form No.16 to salaried employees on time, leading to adverse consequences for employees. The court directed the Commissioner of Income Tax (TDS) to provide a detailed affidavit on the issue and urged the Ministry of Finance to enhance transparency in dealing with defaulters. Emphasizing the importance of transparency, the court called for strict measures, including penalizing defaulters and enforcing legal provisions. Referring to Section 405 of the Indian Penal Code, the court highlighted the need for the Department of Revenue to take appropriate actions, such as prosecution, against those responsible for the delayed issuance of Form No.16. 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 High Court addressed the failure of Companies and Corporations to issue Form No.16 to salaried employees on time, leading to adverse consequences for employees. The court directed the Commissioner of Income Tax (TDS) to provide a detailed affidavit on the issue and urged the Ministry of Finance to enhance transparency in dealing with defaulters. Emphasizing the importance of transparency, the court called for strict measures, including penalizing defaulters and enforcing legal provisions. Referring to Section 405 of the Indian Penal Code, the court highlighted the need for the Department of Revenue to take appropriate actions, such as prosecution, against those responsible for the delayed issuance of Form No.16. Case-Laws Income Tax Mon, 15 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369985