Lawstreet Journal

Supreme Court Issues Notice to Income Tax Department in 2018 Tax Evasion Case Against Karti Chidambaram and Wife [READ ORDER]

Lawstreet Journal 20 Nov 2020 1:11am

Image courtesy: Lawstreet Journal Judiciary Supreme Court Issues Notice to Income Tax Department in 2018 Tax Evasion Case Against Karti Chidambaram and Wife [READ ORDER]

The Supreme Court on Monday (November 16, 2020) sought a reply from the IT Department to the pleas of Congress MP Karti Chidambaram and his wife challenging the transfer of a tax evasion case brought against them to the Special Court for MPs and MLAs before a lower court.

A notice to the I-T department was issued by the bench of Justices Ashok Bhushan and R Subhash Reddy on an appeal brought against the Madras High Court judgment by Karti, son of senior Congress leader P Chidambaram.

The petition is an appeal against a judgment of the Madras High Court which had rejected the plea by Karti and Srinidhi to quash two criminal charges under the Income Tax Act and the proceedings before the MP/MLAs special court.

The case involves the alleged non-disclosure by Karti of his Rs 6.38 crore income and Rs 1.35 crore by his wife Srinidhi Chidambaram in 2015.

Karti, elected to Lok Sabha from Sivaganga constituency in the 2019 elections and his wife had received the sum in cash for selling a property at Muttukadu but did not report it in their IT returns, stated by the Income Tax Department.

On September 12, 2018, the Deputy Director of the I-T Department, Chennai, filed a complaint with the Additional Chief Metropolitan Magistrate Court-II (Economic Offences) against them offenses under sections 276 c(1) and 277 of the Income Tax Act.

 According to the IT Department, Karti Chidambaram and his wife had received the amount in cash for the sale of land at Muttukadu near… Continue Reading...


Tagged: P.Chidambaram  
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