Jayalalithaa pays fine, tax cases against her withdrawn
Getting a reprieve in cases filed by Income Tax Department in 1996 for not filing tax returns in 1993-94, Former Tamil Nadu Chief Minister Jayalalithaa and her close aide Sasikala can breathe a sigh of relief as cases against them have been withdrawn after they paid a penalty of Rs. 2 crore.
The final orders in the matter were passed by Tax authorities, after the fine of Rs. 2 crore per person was submitted. In addition, cases were also filed against erstwhile Sasi Enterprises and its partners for failing to file tax returns for 1991-92 and 1992-93. Regarding the same, Income Tax Department had written to the former Chief Minister, asking her to pay Rs. 30 lacs in an out of court settlement.
Reportedly, the Income Tax Department in a letter sent on Thursday has said, “The regional compounding committee, in its meeting held on 26 November 2014, has decided to accept your request for compounding offences under section 279 (2) of the Income Tax Act, 1961, subject to remittance of the amount determined by the committee.”
Jayalalithaa is out on bail right now, and her conviction by a Bangalore city court in a DA case is being heard in appeal at the Karnataka High Court, which has constituted a special bench for the same.
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