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Madras High Court dismisses Karti Chidambaram plea against show cause notice in alleged tax evasion case


06 Jul, 2021 , 2:42 am
The Madras High Court on Monday dismissed writ petitions moved by Member of Parliament from Sivaganga, Karti Chidambaram and wife Srinidhi Chidambaram against show-cause notices issued by the tax authority over an alleged non-disclosure of Rs 6.38 crores in income tax returns following a 2013 property sale (
Karti P.Chidambaram v. The Principal Director of Income Tax and ors).
Justice
SM Subramaniam concluded that there was no legal malice or procedural irregularity in issuing the show-cause notice under Section 153C (dealing with assessment or re-assessment of income after search and seizure under Section 132 or a requisition under Section 132A) of the Income Tax Act. ....

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Breather for Karti: HC junks I-T proceedings against Sivaganga MP


Breather for Karti: HC junks I-T proceedings against Sivaganga MP
Justice N Sathishkumar also said that the Deputy Director of the Income Tax Department was not the competent authority to initiate the re-assessment proceedings. 
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By Express News Service
CHENNAI: In a relief to Sivaganga MP Karti Chidambaram and his wife Srinidhi Chidambaram, the Madras High Court on Friday ruled that the Income Tax proceedings initiated over the alleged non-disclosure of cash transactions to the tune of Rs 7.3 crores following a property sale near Muttukadu were premature. 
Justice N Sathishkumar also said that the Deputy Director of the Income Tax Department was not the competent authority to initiate the re-assessment proceedings. The judge observed, “.the very complaint itself is launched on the basis of opinion formed by the Deputy Director of Income Tax Department, based on some materials according to them it is only helpful for ....

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