The Madras High Court on Friday said that an income tax case has been filed against Congress MP Karthi Chidambaram and his wife Srinidhi Chidambaram for not disclosing income of Rs 7 crore. Justice Chidambaram dismissed the review petition filed by the Chidambaram couple. Satish Kumar gave the order.
Karthi made Rs 6.38 crore in 2015. And his wife Srinidhi Chidambaram allegedly did not declare income of Rs 1.35 crore. According to the Income Tax Department, Karthi and his wife had received money from the sale of land in Muttukadyi, but they did not provide this information on the income tax return. Please tell us that Karti Chidambaram was elected to the Lok Sabha in 2019 from the Shivaganga Parliamentary constituency.
On September 12, 2018, the Deputy Director of the Chennai-based Income Tax Department filed a complaint against the applicants for offenses under Section 276 (1) and 277 of the Income Tax Act, along with financial offenses in the Chief Metropolitan Magistrates’ Court. The opinion is created only by the Deputy Director of the Income Tax Department, the court, as the “basis for filing a complaint.”
Two complaints against Karti under Section 276C (1) and 277 of the Income Tax Act 1961 and another complaint against both husband and wife under Section 276C (1), 277 and 278 of the Act. Done. According to I-T officials, Chidambaram received the proceeds of the sale of the property in cash, but failed to disclose it on his income tax return for the 2014-2015 assessment year.
The court noted that “the statement made by the assessee during the assessment process is false” and should be recorded by the concerned officer in the re-evaluation process. The judge said, “The court is of the opinion that it cannot be prosecuted solely on the basis of certain statements recorded by third parties.” The memorandum was submitted by Sridhidhi, son of former lawyer Finance Minister P. Chidambaram, and senior lawyer Kapil Sibal and other lawyers on behalf of Karthi.
However, the court ruled that the relevant officer, such as the appraisal officer, “could re-evaluate the proceedings under section 153 of the Income Tax Act. The law is open to the department to prosecute.
The case was moved from the Economic Criminal Court to the Special Court for crimes committed by lawmakers and lawmakers in the past. The discharge petition was rejected by the special court and was challenged by Karthi and Srinidhi Chidambaram in the High Court for its review.
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