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The charge against the managing director was held to have abated on account of his demise during the course of the trial proceedings
NE BUSINESS BUREAU
CHENNAI, SEPT 13
The Income Tax Department (TN&P), Chennai on Wednesday announced that it has got the sixth conviction for the financial year 2023-24 for willful attempt to evade payment of Income-tax.
“The Additional Chief Metropolitan Magistrate for Economic Offences – I, Chennai has passed order holding the tax defaulter and its directors guilty of the offences charged. The accused company has been convicted and sentenced to pay a fine of Rs 50,000. The Director of the Company has also been convicted and sentenced to undergo RI for 2 years and to pay fine of Rs 50,000. The charge against the managing director was held to have abated on account of his demise during the course of the trial proceedings,” says a release.
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Three tax evaders in TN & Pondicherry convicted during July-August 2023
A metropolitan magistrate court has convicted a city-based company – B N Tracem India Ltd – and two of its directors for not filing income tax returns and evading taxes for the financial year 2013-14. The directors – identified as T Bhavanarayanan, Managing Director and T Vamidevi, Director – were sentenced to two years rigorous imprisonment.
A prosecution complaint was filed before the Hon’ble Additional Chief Metropolitan Magistrate, Economic Offences – I, against the said tax defaulter and its two directors for the offences u/s 276CC & r.w.s 278B of IT Act, 1961 for willful evasion of payment of tax. Chief examination of the prosecution witnesses was conducted and charges were framed by the Special Public Prosecutor L Muralikrishnan on behalf of the Department.
