HC reserves orders on Jaya’s petition in wealth tax case

The Madras High Court today reserved orders on a plea filed by AIADMK General Secretary J Jayalalithaa seeking to set aside a lower court order dismissing her discharge petition in a Wealth Tax Case.After hearing the arguments of Mr Gurukrishna Kumar, counsel for Ms Jayalalithaa and Mr Ramaswamy, appearing for the Income Tax Department, Justice M Venugopal posted the case to May 27 for orders.In her appeal, Ms Jayalalithaa submitted the Assistant Commissioner of Wealth Tax, Central Circle-II, Chennai, had lodged a complaint against her under Section 35 B of the Wealth Tax Act for the Assessment Year 1993-94. A case was filed before the Additional Chief Metropolitan Magistrate (Economic Offence Wing I), Egmore, in 1997. Ms Jayalalithaa said she filed a petition to discharge her from the case but the lower court, by an order dated February 25, 2008, dismissed her plea. She also contended that Section 35 B would be attracted only if a person wilfully failed to furnish the returns under Section 14 or 17(1) of the Wealth Tax Act.UNI
5/21/2008
http://www.indlawnews.com

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