1. I-T case against Jayalalithaa, Sasikala to be closed as they pay compounding fee

I-T case against Jayalalithaa, Sasikala to be closed as they pay compounding fee

J Jayalalithaa, her aide Sasikala and a firm in which they are partners have together paid R1.99 crore as compounding fee...

By: | Chennai | Published: December 2, 2014 1:35 AM

Former Tamil Nadu CM and AIADMK supremo J Jayalalithaa, her aide Sasikala and a firm in which they are partners have together paid R1.99 crore as compounding fee, paving the way for closure of an 18-year-old income tax case against them.

While Jayalalithaa paid R30 lakh, Sasikala paid R28 lakh to compound alleged offences under the Income Tax Act for non-compliance in filing annual tax returns, both for the 1993-94 assessment year, a court was apprised on Monday.

Sasi Enterprises paid R75 lakh and R65 lakh as compounding fee for 1991-92 and 1992-93 assessment years. Taken together, a fee of R1.99 crore has been remitted in favour of the tax authorities to compound alleged offences.

Out of the compounding fee, prosecution establishment charges and litigation expenses, the three heads under which tax authorities had directed payments to be made, the charges towards litigation stood the highest.

A request to compound offences was made on June 25 this year to tax authorities by Jayalalithaa, Sasikala and Sasi Enterprises. The Income Tax department’s regional compounding committee in its November 26 meeting, decided to accept the request, subject to remittance of the stipulated fee. On November 27, the payments were made.

Tags: Jayalalithaa
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