Health Minister rushes to HC, fearing burden of huge tax liability
18/12/2019, MOHAMED IMRANULLAH S.,CHENNAI
Health Minister C. Vijayabaskar has rushed to the Madras High Court, fearing that he may have to bear a huge tax liability on the basis of “unsubstantiated” charges of having been a 20% shareholder in SRS Mining, in which businessman J. Sekar Reddy was a managing partner, and having received kickbacks from illegal gutkha manufacturers.
The Minister has filed a writ petition urging the court to restrain the Income Tax Department from passing any assessment order with respect to the assessment years 2012-13 to 2018-19 until his representative is given an opportunity to cross examine all 12 witnesses, and he is allowed to defend himself effectively in the reassessment proceedings.
Income Tax sleuths had commenced the proceedings pursuant to raids conducted by them at the residence of Mr. Vijayabaskar and several other places in April 2017. Subsequently, the I-T Department proceeded further under the Income Tax Act and issued notices to the Minister seeking an explanation with respect to income that had escaped assessment.
In reply, the Minister insisted on providing copies of all documents and materials relied upon by the I-T department. He wanted to cross examine 12 witnesses, including Mr. Reddy and Srinivasalu of SRS Mining, from whom they had reportedly obtained statements against the Minister.
18/12/2019, MOHAMED IMRANULLAH S.,CHENNAI
Health Minister C. Vijayabaskar has rushed to the Madras High Court, fearing that he may have to bear a huge tax liability on the basis of “unsubstantiated” charges of having been a 20% shareholder in SRS Mining, in which businessman J. Sekar Reddy was a managing partner, and having received kickbacks from illegal gutkha manufacturers.
The Minister has filed a writ petition urging the court to restrain the Income Tax Department from passing any assessment order with respect to the assessment years 2012-13 to 2018-19 until his representative is given an opportunity to cross examine all 12 witnesses, and he is allowed to defend himself effectively in the reassessment proceedings.
Income Tax sleuths had commenced the proceedings pursuant to raids conducted by them at the residence of Mr. Vijayabaskar and several other places in April 2017. Subsequently, the I-T Department proceeded further under the Income Tax Act and issued notices to the Minister seeking an explanation with respect to income that had escaped assessment.
In reply, the Minister insisted on providing copies of all documents and materials relied upon by the I-T department. He wanted to cross examine 12 witnesses, including Mr. Reddy and Srinivasalu of SRS Mining, from whom they had reportedly obtained statements against the Minister.
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