CHENNAI: In a reprieve to Sivaganga MP Karti Chidambaram and his wife, the Madras high court set aside assessments passed by the income tax department for alleged non-disclosure of income of ?6.38 crore.
Justice S M Subramaniam passed the order on Wednesday on the ground that the couple was not provided with adequate opportunity to defend the case.
Allowing the pleas moved by Karti and his wife Srinidhi, the court directed the department to provide adequate opportunity for the petitioners to explain their case within five weeks and pass fresh orders.
The issue pertains to notices issued by the income tax department dated December 16, 2019 and October 21, 2020 reopening the assessments filed by the petitioners for 2014-15 and 2015-16. According to the department, Karti and Srinidhi received Rs 6.38 crore in cash through sale of a land owned by them near Muttukadu. However, they had neither disclosed the same in their assessment nor paid taxes for the income.
