Tasmac clarifies on demonetised notes

16/03/2020, LEGAL CORRESPONDENT,CHENNAI

The Tamil Nadu State Marketing Corporation (Tasmac) has said it had issued clear instructions to all district managers on November 9, 2016 to desist from accepting demonetised notes. It was responding to the article ‘I-T Dept shocked by Tasmac’s acceptance of banned notes’ published in these columns on Sunday.

In a release, Tasmac claimed that the managers, in turn, had communicated the instructions to liquor shop personnel and that written communications were also sent to bankers asking them not to accept demonetised notes, if any, deposited by shop staff.

Tasmac has also claimed it furnished to the Income Tax department branch wise details of deposits made in demonetised notes and that it had filed a statutory appeal with the Commissioner of I-T (Appeals) challenging an order passed by a Deputy Commissioner.