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A metropolitan magistrate court has convicted a television production company and its directors Yash Patnaik and Mamta Patnaik for not submitting₹8.37 crore income tax. The court has sentenced the directors to three months imprisonment in three cases filed by the Income Tax department and imposed a
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FAQ :
The producers, Yash and Mamta Patnaik, were sentenced for failing to deposit ₹8.37 crore in income tax with the department in time.
The total amount of income tax that was delayed was ₹8.37 crore.
The court stated that making tax payments at a belated stage is treated as a default, and depositing TDS (Tax Deducted at Source) late does not remove criminal liability.
Yes, they pleaded financial difficulties as the reason for the delay and stated they had responded to the department's notices.
No, the court discarded their defence, observing that they failed to deduct TDS within the stipulated time and did not provide a reasonable cause for the default.
In addition to the three months imprisonment in three separate cases, the directors were also fined ₹5,000 in each case.
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