Madras HC relief for Chidambaram, family; grants interim stay on I-T notice over income from coffee estate
Madras High Court granted interim stay on petitions filed by P Chidambaram and his family seeking to quash of a notice issued under the Income Tax Act
Chennai: The Madras High Court on Friday granted interim stay on petitions filed by former Union minister P Chidambaram and his family seeking to quash of a notice issued under the Income Tax Act for reopening of the assessment for the year 2010-11.
Chidambaram, his wife Nalini, son Karti and daughter-in-law Srinidhi had filed four pleas for quashing of the notice from the I-T department
Justice TS Sivagnanam granted interim stay on all the four petitions challenging the notice issued by the assistant commissioner of Income Tax-Chennai.
The court had on 14 November quashed an order of the Income Tax department seeking payment of tax by the former Union minister and his family on income from a coffee estate owned by them for the 2008-09 financial year after re-assessing it.
In an exclusive interview to political editor Marya Shakil of CNN-News18, she also addresses the Infosys controversy by saying that the “anti-national statement" made by RSS-backed magazine Panchajanya was not right at all.
A real estate deal and some other financial transactions linked to Sood are under the scanner of the department, official sources had said
As per officials, the operations are being conducted to verify certain tax payment details and remittances made by the news organisations