Addressing genuine concerns of assesses while processing cases for TDS/TCS related prosecution under Direct Tax Laws

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....A Centre, Jhandewalan Extn. New Delhi- 110055, Dated 27.12.2014 To All the Principal Chief Commissioners of Income Tax All the Chief Commissioners of Income Tax All the Directors General of Income Tax Sir/Madam, Sub : Addressing genuine concerns of assesses while processing cases for TDS/TCS related prosecution under Direct Tax Laws I am directed refer ....

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....08-09 to 2011-12 where though the taxes deducted were not paid to the credit of the Central Government at all, in addition to the defaults under the category of Tax deducted but deposited beyond the due date prescribed in the Act. 3. A number of representations have been received from various trade bodies, chambers, associations etc. that prosecution proceedings under section 276B/276BB are bei....

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....iew of the provisions of section 278AA before filing of complaints. (ii) If a person who has committed an offence(s) under section 276B/276BB files application for compounding of the said offence(s), the compounding application should be processed on a priority basis and mandatorily disposed off within the time frame prescribed by the CAP guidelines. 5. The PCCsIT/CCsIT and DGsIT are r....