CBDT Chairman asks prosecution proceedings initiation against entry operators, bogus LTCG claimants, cases rejected by Settlement Commission etc.

CBDT Chairman asks prosecution proceedings initiation against entry operators, bogus LTCG claimants, cases rejected by Settlement Commission etc. 

GOVERNMENT OF INDIA
Ministry of Finance/Department ot Revenue
Central Board of Direct Taxes
North Block, New Delhi- 110001
email: chairmancbdt@nic.in
Tele :23092648 & Telefax :23092544

SUSHIL CHANDRA
Chairman, CBDT & Special Secretary to the Government of India

F.No. 285/23/2013-IT(Inv.V)/595                                                                                             Dated: 07.03.2017

Dear Principal Chief Commissioner of Income Tax,

Sub: Filing of Prosecution Complaints and disposal of Compounding Application in your region-reg;

From the figure of prosecution complaints filed and pendency of compounding applications reported in respect of your region till Jan,2017, I find that performance in this area is not upto the mark.

2. A list of cases was forwarded to you for taking action u/s 276CC in the very beginning of the F. Y. Besides, a list of potential cases of prosecution for TDS default was uploaded on TDS portal in the month of October, 2016. Prosecution proceedings can be successfully initiated in several cases of entry operators including those concerning bogus LTCG claims, cases rejected by Settlement Commission , etc . I also find that a large number of compounding applications are pending disposal at your end.

3. Prosecution and compounding are important areas against tax evaders and non-compliant assesses and cannot be allowed to be As we are in the last month of the current FY, I would appreciate if you could put in your best and expedite filing of prosecution complaints and disposal of compounding applications.

4. I also note that the figures of prosecution are not being compiled from all the charges within your region and reported to the Board. Complete & correct reports in this regard should be submitted to the Board after taking into account data from all charges including Investigation Directorate, Central, TDS, LTU, International Taxation, etc.

With best wishes ,

Yours Sincerely

(Sushil Chandra)