Tax evasion case against SpiceJet deferred

Image
IANS New Delhi
Last Updated : Sep 21 2015 | 8:22 PM IST

A court on Monday deferred the tax evasion case against SpiceJet, its ex-chairman Kalanithi Maran and another top former company official for November 6 after it was informed that proceedings have been stayed by the Delhi High Court.

Additional Chief Metropolitan Magistrate Pritam Singh directed Income Tax (IT) department to supply documents to the accused and posted the matter for November 6.

Maran's counsel informed the court that Delhi High Court on September 18 stayed the proceedings against him and granted him exemption from personal appearance.

Maran, the company and its then managing director S. Natrajhen were summoned by the trial court after taking cognizance on two complaints filed against them by the tax department.

The department alleged that accused has failed to deposit over Rs.147 crore tax deducted at source (TDS) with it.

In one of the complaints, the department said that that the company had made payments to its deductees and deducted TDS against various payments to the tune of Rs.110.6 crore during 2013-14 but failed to deposit this amount within the time frame.

In the other complaint, the department said that company also made payment to its deductees and deducted TDS against various payments to the tune of Rs.36.5 crore during 2014-15 but failed to deposit it in the government account within stipulated period.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 21 2015 | 8:08 PM IST

Next Story