Former Union minister and senior Congress leader P Chidambaram. (File | AFP) 
Nation

SC seeks response from Chidambaram's wife, son on I-T department plea against Madras HC order 

The issue relates to alleged non-disclosure of overseas assets and bank accounts held by Chidambaram's wife, son Karti and daughter-in-law Srinidhi.

From our online archive

NEW DELHI: The Supreme Court Tuesday sought responses from Congress leader P Chidambaram's wife Nalini and son Karti on an appeal of the Income Tax department against the Madras High Court order quashing criminal prosecution against them in an alleged blackmoney case.

A bench headed by the Chief Justice Ranjan Gogoi, while issuing notices to the two, made it clear that it will not stay the Madras High Court's 2018 order quashing criminal prosecution against the Chidambarams.

The issue relates to alleged non-disclosure of overseas assets and bank accounts held by Chidambaram's wife, son Karti and daughter-in-law Srinidhi.

According to the I-T Department, the three had not disclosed a property they jointly owned in Cambridge in the UK worth Rs 5.37 crore in their returns which amounted to an offence under the Black Money (Undisclosed Foreign Income and Assets) Act and Imposition of Tax Act.

The Madras High Court on November 2 last year had said no case was made out and quashed the criminal prosecution.

Family members of the former union minister had filed writ petitions challenging the criminal prosecution.

The department has also alleged that Karti Chidambaram had not disclosed an overseas bank account he holds with Metro Bank in the UK and investments he had made in Nano Holdings LLC, USA.

He had also "failed" to disclose investments made by Chess Global Advisory, a company co-owned by him, which amounted to committing an offence under the Black Money Act, the department had said in its complaint in the special court in May last year.

'Witnessing betrayal of Indian farmers': Rahul Gandhi sharpens attack on Centre over US trade deal

Don't turn AI-Mela into a jhamela: How India can go beyond PR at its AI Summit

India vs Pakistan: Heightened security, buzzing fans bring Colombo to a standstill

Indian student found dead in California, six days after going missing

Debate, vote on motion to remove LS Speaker Om Birla to be taken up on March 9: Rijiju

SCROLL FOR NEXT