29 March,2018 09:11 AM IST | Chennai | Agencies
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The Madras High Court set aside a 2014 Income Tax department order declaring Kalanithi Maran as the principal officer of the low-cost carrier SpiceJet and making him liable for the alleged tax dues of the company, when he owned the company.
Justice M Duraiswamy allowed a petition by Maran challenging the November 3, 2014 order of the I-T department related to various financial years when the company was under his ownership.
The I-T department had not produced any material to establish that Maran was responsible for the day-to-day affairs of SpiceJet. "The main criteria to treat a person as the principal officer is that he should have been involved in the day-to-day affairs of his company," he said.
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