- Apprentice Lawyer
The Madras High Court on Tuesday dismissed pleas challenging Income Tax proceedings launched against Member of Parliament Karti Chidambaram and his wife Srinidhi Chidambaram over disputed transactions pertaining to the sale of certain property in Muttukadi village, Tamil Nadu. (Srinidhi Karti Chidambaram and anr v. Deputy Director of IT Dept and ors - Madras High Court order)
Two complaints were filed against the Chidambarams in this regard. The first complaint against Karti Chidambaram involved charges under Sections 276C(1) and 277 of the Income Tax Act, 1961, in relation to transactions in the year 2014-15.
The second complaint involved charges under Sections 276C(1) and 277 read with Section 278 of IT Act against both Karti and Srinidhi Chidambaram, in relation to the Annual Year 2015-16.