The Income Tax Department v. Shri Srikar Reddy Vempati
Case brief
What is this about?
High Court of Karnataka at Bengaluru, CRL.RP No. 385 of 2020, decided 05.02.2026 by Justice S Vishwajith Shetty. Income Tax Department (Assistant Commissioner of Income Tax (TDS), TDS Circle 3(1)), petitioner (adv. Sri E.I. Sanmathi) v. Shri Srikar Reddy Vempati, Operation Director, M/s Sicon Design Technologies Private Limited, respondent/accused No.6 (adv. Sri Chandra Shekara K). Revision under Sections 397/401 Cr.PC against discharge dated 01.10.2019 by Special Court for Economic Offences, Bengaluru in C.C.No.77/2018 (offence under Section 276B, Income Tax Act, 1961; 6 accused; accused No.1 the Company, accused No.2 its Managing Director). Companion revision Crl.RP.No.396/2020 qua accused No.2 allowed by Co-ordinate Bench on 03.02.2025; common finding on day-to-day management set aside; present revision allowed and discharge set aside qua accused No.6, liberty reserved to contest material on participation in day-to-day management. Search terms: discharge of director; vicarious liability; day-to-day management; Section 276B Income Tax Act; Sections 397/401 CrPC; Special Court for Economic Offences Bengaluru.