� Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says �verified�, but the refund hasn�t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here�s How You Can Still Claim Your Money  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR �  Four million private PF subscribers may lose tax benefits... SMEs may be taxed for outsourced work... » I-T dept attaches Pyramid Saimira�s bank accounts January, 07th 2009 It is turning out to be a long season of bad news for Chennai-based theatre chain, Pyramid Saimira Theatre (PSTL). Barely a couple of weeks after the controversy over the forged SEBI letter, the income-tax department of Chennai has attached the company�s bank accounts to recover an outstanding amount of Rs 26.59 crore. �There is some outstanding demand from the I-T department,� PSTL chairman and managing director PS Saminathan told ET in response to a query, while declining to provide any further details. A senior official in Chennai�s I-T department confirmed the development over phone to ET. The deputy commissioner of I-T, media circle, Chennai, has sent notices to several bank branches, including PNB, Central Bank of India, ICICI Bank, Allahabad Bank, Indian Bank and Axis Bank. �The sum of Rs 26,59,21,840 is due from Pyramid Saimira Theatre on account of income-tax / penalty / interest / fine. You are hereby required under Section 226 (3) of the Income Tax Act, 1961, to pay to me forthwith any amount due from you or held by you on account of the said assessee up to the amount of arrears shown above,� reads the notice to one of the bank branches, a copy of which is in ET�s possession. PSTL is yet to clear its tax dues for FY2007-08, according to people familiar with the development. The company was in the news last month after media reports (including ET) of SEBI having asked a promoter, who violated the creeping acquisition norms, to make an open offer for an additional 20% stake at Rs 250 a share. A day later, the SEBI denied any such moves. It has come to light that one of the promoters Nirmal Kotecha was a major seller during the controversy that erupted between December 18 and December 29. The SEBI registered an FIR at the Bandra-Kurla police station on January 1, seeking an investigation into the forgery of its communiqu�.