7 months ago
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The 18-year-old alleged 2G spectrum scam has travel backmost to haunt Kalaignar TV Private Limited, with the Income Tax (I-T) section reviving its enquiry into the receipt of ₹200 crore by the tv transmission during the appraisal years 2009-10 and 2010-11.
The Madras High Court has, however, granted an interim enactment of each further proceedings pursuant to a writ petition filed by the tv transmission challenging the summons issued to it by the I-T section connected August 12, 2025, for giving grounds and producing books of accounts.
In its affidavit, the TV transmission told the tribunal it had filed I-T returns showing to person suffered a nonaccomplishment of ₹3.59 crore and ₹6.39 crore successful the appraisal years 2009-10 and 2010-11 respectively. An Assistant Commissioner of Income Tax refused to judge the returns.
After completing the assessments connected March 28, 2013, the serviceman determined the income of the transmission to beryllium ₹21.41 crore successful 2009-10 and ₹177.27 crore successful 2010-11. Though the appraisal bid was taken connected appeal, it got confirmed by the Commissioner of Income Tax (Appeals) successful March 2015.
On further appeal, the Income Tax Appellate Tribunal acceptable speech the appraisal bid successful December 2016 and remitted the substance to the Assistant Commissioner for a de novo consideration. In 2017, the section began the enquiry again by calling for documents from the tv channel.
A show-cause announcement was besides issued seeking mentation arsenic to wherefore the ₹200 crore received by the transmission from Cineyug Media and Entertainment Private Limited should not beryllium considered arsenic undisclosed income connected the ground of the complaint expanse filed by the Central Bureau of Investigation (CBI) successful the 2G spectrum case.
Though the TV transmission submitted records to beryllium the genuineness of the transactions and besides highlighted that a peculiar tribunal successful Delhi had acquitted each the accused successful the 2G spectrum case, the Assistant Commissioner went up and confirmed the additions projected successful the show-cause notice.
Immediately, the petitioner transmission initiated a 2nd circular of litigation against the appraisal bid passed connected December 31, 2017. Even arsenic the entreaty proceedings were pending for 8 years, abruptly the Assistant Director of Income Tax (Investigation) had begun an enquiry since June 2025, the transmission complained.
Questioning the authorization of the Assistant Director to bash so, the transmission filed the contiguous writ petition challenging a announcement issued by the serviceman connected June 11, 2025 and besides the summons issued connected August 12, 2025.
