I-T case against Karti, wife over non-disclosure premature: HC

I-T case against Karti, wife over non-disclosure premature: HC

TIMES NEWS NETWORK

Chennai:  12.12.2020

In a reprieve to Sivaganga MP Karti Chidambaram, the Madras high court quashed the criminal prosecution initiated by the income tax department against him and his wife for alleged non-disclosure of income saying it is not maintainable and premature.

However, Justice N Sathish Kumar granted liberty to the department to initiate penal action as per the law, if it chooses to. The issue pertains to criminal prosecution initiated by the department for alleged non-disclosure of income by Karti and his wife Srinidhi to the tune of 7.73 crore in the financial year 2015-16.

Opposing the same, the duo contended that the prosecution is liable to be quashed for procedural lapse.

They argued that the prosecution has been initiated for filing of false return which amounts to offence of giving false evidence before a court under the IPC. Concurring with the arguments, the court declared the prosecution as non-maintainable.