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HC stays IT proceedings against Chidambaram family members

News and Press Release - Dated:- 25-1-2017 - Chennai, Jan 25 (PTI) The Madras High Court today stayed all proceedings against former Union minister P Chidambaram and his family members pursuant to a demand notice issued by the Income Tax department last year relating to income from a coffee estate owned by them for the 2008-09 financial year. Justice Rajiv Shakder passed the interim order on petitions by Chidambaram, his wife Nalini and son Karti challenging the March 31, 2016 demand notice and .....

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me Tax Act. The I-T department last year had issued the demand notice claiming about Rs. six lakh from the petitioners after reassessing the income for the period. The counsel for senior Congress leader Chidambaram and others alleged that the I-T department's action in reopening the assessment and reassessing the income for 2008-09 six years later was illegal and arbitrary. Counsel Vijay Narain alleged that it had been made only with an intention to defame the petitioner and his family. Stat .....

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