HC quashes Income Tax proceedings against Karti Chidambaram& his wife ...Middle East

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HC quashes Income Tax proceedings against Karti Chidambaram& his wife
source : Devdiscourse ( Middle East ) () 38
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.

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