Court dismisses Karti Chidambaram, his wife's pleas in income tax case

The Special Court for Income Tax cases on Tuesday dismissed pleas moved by Congress leader Karti Chidambaram and his wife, seeking to discharge them from prosecution initiated by the I-T department for alleged non-disclosure of income of over Rs 7 crore for the financial year 2015-16.

The case pertains to a land dealing where the I-T department has alleged that the property sold by the duo in 2015 was undervalued and the amount shown on the paper was different.

The IT dept filed a case citing the I-T evasion and deliberate attempts by Karti and his wife Srinidi Rangarajan of selling a property in Chennai.

 

Later, the Specia IT Court was constituted to look into the matter.