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IT proceedings against Karti Chidambaram, wife quashed India Published: Monday, December 14, 2020, 10:13 [IST] Chennai, Dec 14: The Madras High Court has quashed the Income Tax proceedings initiated against Karti Chidambaram, son of former Union Finance Minister P Chidambaram,and his wife over alleged non-disclosure of cash transactions of about Rs seven crore following sale of a property near here. The Court, while ruling that the action is not maintainable and premature , clarified that proceedings may be initiated again if the authority concerned deemed the same is required after proper assessment. The prosecution case was that Karti, the Congress Member of Parliament, representing Sivaganga, and his wife Srinidhi received Rs 6.38 crore and Rs 1.35 crore in cash respectively, through sale of a land owned by them near Muttukadu.

Tamil naduJustice sathish kumarKarti chidambaramVicky nanjappaJusticen sathish kumarVikash aiyappaCongress member of parliamentMadras high courtIncome taxUnion finance ministerp chidambaramCongress memberIndian penalIncome tax actDeputy directorSathish kumarBreaking news