SC declines to stay proceedings against D K Shivakumar in tax evasion case

Karnataka Congress chief D K Shivakumar

The Supreme Court on Thursday declined to grant a stay on proceedings in the income tax evasion case against Congress' Karnataka unit President D.K. Shivakumar.

A bench comprising Chief Justice S.A. Bobde, Justice A.S. Bopanna and Justice V. Ramasubramanian allowed the Income Tax Department to file its reply in the matter, and scheduled the matter for further hearing after four weeks.

In July, the apex court had declined to stay the criminal proceedings initiated against Shivakumar for the alleged recovery of undisclosed wealth following a raid on his premises in August 2017. The top court asked the IT Department why should not the court grant relief sought by Shivakumar, who has moved the top court challenging the validity of the Karnataka High Court's November 2019 order.

In the plea, Shivakumar has contended that the IT Department cannot treat the amount recovered during a search as concealed income without waiting for him to file his return of income.

After the high court declined to entertain his criminal revision plea challenging the order passed by Additional Sessions Judge, Bengaluru, declining his plea for discharge in the complaint filed by the Deputy Director of Income Tax (Investigation), alleging that Shivakumar has committed an offence under tax laws and also provisions under IPC, Shivakumar moved a special leave petition in the apex court.

--IANS

ss/vd


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel