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Sunday 26 July 2015

Court summons SpiceJet, Kalanithi Maran as accused in IT cases

New Delhi: Budget carrier SpiceJet Ltd, its the then Chairman Kalanithi Maran and a former top company official have been summoned as accused by a Delhi court in two tax evasion cases for their alleged failure to deposit over Rs 147 crore TDS with the Income Tax (IT) Department.

Additional Chief Metropolitan Magistrate Pritam Singh issued summons to Maran, the company and its the then Managing Director S Natrajhen after taking cognizance on two complaints filed against them by the IT Department. The court directed them to appear before it on August 21
.

"From perusal of complaint, materials available on record, testimony of complainant witness 1 and aforesaid discussions, prima facie disclose commission of offence under sections 276B (if a person fails to pay to the credit of central government the tax deducted at source by him ), 278B (offences by companies) ... read with section 278E (presumption as to culpable mental state) of the Income Tax Act for financial year 2013-14 and 2014-15.
Read news in full 21/07/15 PTI

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