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CHENNAI: The Madras High Court on Friday quashed the Income-Tax proceedings initiated against senior Congress leader and former Union Minister P Chidambaram’s son Karti Chidambaram and his wife Srinidhi in a case relating to the alleged non-disclosure of income for the 2015-16 fiscal and tax evasion. Allowing a review petition filed by the accused, Mr Justice N Satishkumar held that the authority, who had sanctioned the prosecution proceedings, has no powers. Earlier, Mr Justice M Sundar of High court dismissed the petitions filed by Karti and his wife following which they filed a review plea. They had moved the High Court after Special Court Judge D Lingeswaran dismissed their discharge petitions on the ground that there were adequate grounds to presume the accused has committed offences, while finding merit in the evidence submitted by the prosecution. ....
According to I-T officials, the Chidambarams received the property sale amount through a cash transaction but failed to disclose it in their income tax returns in the assessment year 2014-2015. | Latest News India ....
Madras HC quashes I-T proceedings against Congress MP Karti Chidambaram and his spouse hcmadras.tn.nic.in The Madras High Court has quashed the Income Tax proceedings against the Congress Member of Parliament Karti Chidambaram and his spouse. The case relates to an alleged non-disclosure of a part of the income accrued through the disposal of a property in the year 2015-16. The single judge Bench accepted the review plea filed by Mr Karti and his wife saying the authority, who sanctioned the proceedings against the accused, was not the competent authority to initiate the reassessment proceedings.
Earlier, another single judge Bench of the High Court dismissed the plea of the accused seeking to quash the proceedings. They filed a review plea later. ....