Chennai, Nov 29: Former Tamil Nadu Chief Minister J Jayalalithaa got a huge reprieve on Friday when the Income Tax Department informed a Chennai Court that it had decided to close the case after accepting the ‘compromise' petition filed by her. At present, the AIADMK chief is out on conditional bail granted by the Supreme Court in the misappropriation of assets case.
The income tax department had launched criminal proceedings against Jayalalithaa and Sasikala for allegedly not filing returns in their individual capacity for the assessment year 1993-94.
The case has so far witnessed more than 100 adjournments, a number of petitions and many rounds of cases in the High court and the Supreme Court
The last hearing in the case was conducted on November 6, 2014 when a petition was filed on behalf of Jayalalithaa and Sasikala stating, "The High Court of Madras has ordered that a decision on the compromise petition filed by us in the case would have to be taken by 28th November."
The petition also sought exemption for them from appearing personally at the Court and postponement of the hearing to December 1 which were granted by the court to them.
Meanwhile, as per reports, the Income Tax Department in a petition filed with the Court has said,"It has accepted the compromise petition filed by Jayalalithaa and Sasikala and was withdrawing the case as the duo had paid the penalty imposed."