The Hindu : New Delhi News : Income Tax case: 2-year RI for Romesh Sharma

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Tuesday, Apr 01, 2008
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Income Tax case: 2-year RI for Romesh Sharma

New Delhi: A court here on Monday sentenced Romesh Sharma, an alleged frontman of underworld don Dawood Ibrahim, to two years rigorous imprisonment for evading income tax and not paying Rs. 50 crore dues.

“In this case, Sharma, instead of thinking big, thought of his own upliftment and created circumstances to evade payment of tax, interest and penalty, which as on date cumulatively run into crores of rupees,” Additional Chief Metropolitan Magistrate Kanwaljeet Arora said. He slapped a fine of Rs. 3 lakh on Mr. Sharma.

The court held Mr. Sharma guilty under Sections 276-C(2) and 277 of the Income Tax Act. After the verdict, Mr. Sharma pleaded that he had been in jail since last nine years in various cases and could not pay the fine. The judge, however, said: “I do not know how you will give the fine amount but according to my order, you have to pay it or you have to undergo one month extra sentence in default of it.”

Mr. Sharma’s counsel Harish Singh told PTI that he would appeal against his client’s two-year sentence. — PTI

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