STOCK MARKET BSE NSE

Income Tax Dept Agrees to Compound Offences

Published: 02nd December 2014 06:06 AM  |   Last Updated: 02nd December 2014 06:06 AM   |  A+A-

CHENNAI: The Income Tax department has finally paved way to end the 18-year-old IT case against former Chief Minister J Jayalalithaa and her aide Sasikala by accepting to compound their alleged offences.

The Regional Compounding Committee in its meeting held on November 26 has decided to accept the request for compounding offences under Section 279 (2) of the Income Tax Act, the department stated through a communication dated November 26. The acceptance was subject to remittance of `30,83,887 by Jayalalithaa, `28,07,972 by Sasikala and `14,101,202 by Sasi Enterprises within 60 days, after which a final order will be passed by the department.

On Monday, when the case came up before A Kayalvizhi, Judge, III Additional Sessions Court, Chennai the counsel for the accused requested the court not to proceed in the case till the final order of the IT department. They also produced the order copy of the department and proof of a total amount of `1,99,93,061 being remitted as per the order.

Recording the proofs submitted, the judge adjourned the case to December 11 for further hearing.

Stay up to date on all the latest Chennai news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp