"The contention of the learned senior counsel for the appellant that there has not been any wilful failure to file their return cannot be accepted and on facts, offence under Section 276CC of the Act has been made out in all these appeals and the rejection of the application for the discharge calls for no interference by this Court," the bench said.
Jayalalithaa final tax liability was determined at Rs.12,54,395 as per the order of Income Tax Appellate Tribunal after giving credit to pre-paid tax and for Sasikala it was Rs.9,81,870. The firm's tax liability was Rs.32,63,482 for the assessment year 1991-92 and Rs.52,47,594 for 1992-93.
Sasi Enterprises was formed as a partnership firm by a deed dated February 06, 1989 with Sasikala and one T V Dinakaran as its partners, which was later reconstituted with effect from May 4, 1990 with Jayalalithaa and Sasikala as partners.
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