First conviction in Tamilnadu & Pondicherry charge of Income Tax Department for the FY 2023-24

Business MInutes

The Income Tax Department (TN&P), Chennai has got the first conviction for the financial year 2023-24 in respect of the prosecution proceedings initiated against a tax defaulter on 11.04.2023 for the offence committed under section 276C(2) of the Income Tax Act, 1961, viz., willful attempt to evade payment of Income-tax.

The tax defaulter is a private limited company engaged in civil construction business.  The Tax defaulter filed its return of Income for the AY 2017-18 without paying the tax admitted in the return of income and the same remained unpaid till the date of the order of conviction.  

A prosecution complaint was filed before the Hon’ble Addl. Chief Metropolitan Magistrate, Economic Offences - I, against the said tax defaulter and its two directors for the offences u/s 276C(2) & 276C(2) 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, Shri. L. Muralikrishnan on behalf of the Department.

The Additional Chief Metropolitan Magistrate for Economic Offences – I, Chennai has passed order on 11.04.2023 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. 25,000/-.  The Managing Director and the Director of the Company have also been convicted and sentenced to undergo R.I for 1 year and to pay fine of Rs.25,000/-  each.


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