NE NEWS SERVICE
CHENNAI, FEB 9
Region Income Tax Office at Nungambakkam in Chennai. NE FILE PHOTO
The Income Tax Department (TN&P), Chennai on Friday announced that it has got the ninth conviction for the financial year 2023-24 for willful attempt to evade payment of Income-tax.
“The Additional Chief Metropolitan Magistrate for Economic Offences – II, Chennai has passed order holding the tax defaulter guilty of the offences charged. The accused has been convicted and sentenced to undergo RI for one year and to pay fine of Rs 50,000,” says a release.
A prosecution complaint was filed against S Suresh Babu by the Department during the year 2017 in the Economic Offences Court-II, Chennai as the assessee had failed to file return of income for the AY 2013-14 despite having received rental income of Rs1,25,73,636 and interest income of Rs 32,736 arising in the hands of his minor son during the FY 2012-13 relevant to the AY 2013-14. The assesse was required to file his return of income admitting the above income as per the clubbing provisions of Sec 64(1A) of the Act within the due date specified u/s 139(1) of the Income Tax Act, 1961. The ACJM, EO-II Court framed the charges after taking cognisance of the offence committed by the assessee.
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On examination of the evidences brought on record by the prosecution, the Additional Chief Metropolitan Magistrate, Economic Offences-II, Chennai vide order dated 03.02.2024 held that the accused is found guilty of commission of the offence u/s 276CC of the Income Tax Act 1961 as the offence of failure to file return of income for the AY 2013-14 stood proved against the assessee beyond reasonable doubt and passed a judgment convicting the assessee.
L Muralikrishnan, Special Public Prosecutor represented the Department in the prosecution proceedings before the trial court in the above case.
