693/CBDT.

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..... ervants under section 4(3)(xii) of the Income-tax Act, 1922 and Section 10(26) of the Income tax Act, 1961 was discriminatory. The Board considered the effect of the above judgment and clarified by its Circular Instruction F.No.11/18/75-ITJ(25) that under the Income-tax Act, 1961 except in the case of income from the dividend and interest on securities, the exemption would be available, only if th .....

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..... icer's failure to follow the specific instructions contained in the Board's Circular No.F.No.11/18/75-ITJ (25) and his failure to scrutinise the annual return of salary required to be filed by employers under section 206 in Form No.24 prescribed under Rule 35 of Income-tax Rules, 1922. The Board desire that the clarification contained in the above Circular and the instructions in regard to proper .....

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