sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 New direct tax code may have to wait until 2019
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19

Pyramid Saimira to challenge I-T dept in court on Monday
March, 16th 2009

Leading theatre chain Pyramid Saimira will move court on Monday against the Income-Tax department's decision to attach the company's over Rs 240 crore bank accounts for alleged non-payment of tax.

"We will file a case against the Income-Tax department at the Madras High Court on Monday," a company source told PTI.

On Friday, the tax department in Chennai had attached the bank accounts of Pyramid Saimira as the company had allegedly not paid the complete self-assessment tax.

As far as Pyramid Saimira Theatre Ltd is concerned, there are no tax dues as of now, company Chairman and Managing Director P S Saminathan said in a statement.

The company has filed a revised return wherein it has claimed a refund, he said, adding there is no tax demand on the company based on a completed assessment.

"We feel this continued attachment by the I-T department is not in accordance with law and further their purported demand was for (Rs) 26 crore and for that they have attached Rs 165 crore of investment/(Rs) 50 crore of normal trade receivables and (Rs) 30 crore of theatre receivables, totalling Rs 245 crore," Mr.Saminathan said.

He also complained that the tax department's move has crippled the company's normal operations.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions