Good news after shocker! 18-yr case case against Jaya, Sasikala set to be closed

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 Chennai, Dec 1: AIADMK chief Jayalalithaa, her aide Sasikala and a firm in which they are partners have together paid Rs 1.99 crore as compounding fee, setting in motion the process for the closure of an 18-year-old Income Tax case against them.

While Jayalalithaa paid Rs 30,83,887 lakh, Sasikala paid Rs 28,07,972 to compound alleged offences under Income Tax Act for non-compliance in filing annual tax returns, both for the 1993-94 assessment year, a court here was apprised today. Sasi Enterprises paid Rs 75,33,330 and Rs 65,67,872 as compounding fee for 1991-92 and 1992-93 assessment years. Taken together, a fee of Rs 1,99,90,000 has been remitted in favour of tax authorities to compound alleged offences.

Good news for Jayalalithaa

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. Jayalalithaa, for instance, paid compounding fee of Rs 7,52,637, prosecution establishment charges of Rs 50,000 and litigation expenes of Rs 22,81,250.

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 Nov 27, the payments were made.

Special Public Prosecutor Ramasamy K told PTI that the case against Jayalalithaa, Sasikala and Sasi Enterprises will now come to an end. "The Regional Compounding Committee will pass a final order as required under the law," he said, adding the "prosecution will be withdrawn," formally after that order and the court will be "petitioned appropriately."

PTI

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