Nation Current Affairs 01 Jan 2019 Producer jailed for ...

Producer jailed for not filing returns

DECCAN CHRONICLE.
Published Jan 1, 2019, 1:42 am IST
Updated Jan 1, 2019, 1:42 am IST
The court in its verdict pronounced on December 28, 2018 held Sai Babu guilty of not filing the return despite having taxable income.
The court also imposed a fine of Rs 5,000 on Sai Babu and directed that in the event of non-payment of the fine, he shall undergo a further imprisonment of 15 days.   (Representational image)
 The court also imposed a fine of Rs 5,000 on Sai Babu and directed that in the event of non-payment of the fine, he shall undergo a further imprisonment of 15 days. (Representational image)

Hyderabad: Film producer Yelamanchili Sai Babu was sentenced to three months imprisonment by the Economic Offences Court, Nampally, for not filing income-tax returns. A complaint against Sai Babu, who last produced a devotional film, Sri Rama Rajyam in 2011, was filed by income tax officials for defaulting on tax for the financial year 2012-13.

The court in its verdict pronounced on December 28, 2018 held Sai Babu guilty of not filing the return despite having taxable income. The court also imposed a fine of Rs 5,000 on Sai Babu and directed that in the event of non-payment of the fine, he shall undergo a further imprisonment of 15 days.

 

However, the counsel representing Sai Babu can file a petition in the court seeking permission to pay the tax amount and get the sentence waived. 

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Location: India, Telangana, Hyderabad




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