Business Standard

'IT Department charges against Karti Chidambaram, others baseless'

IANS  |  Chennai 

The Income Tax (IT) Department charges against the family members of former Union Minister are baseless, their said on Saturday.

In a statement, R. Balachandran said he was the for Karti P. Chidambaram, Srinidhi and Private Ltd. He said the returns of income filed by the family members of are a complete answer to the "baseless allegation".

retweeted the statement.

Balachandran said: "The income tax returns are prepared on the advice of the chartered accountants. The investments in question were made through They were duly disclosed in the returns of income filed under Section 139 of the Income Tax Act for the relevant assessment year.

"It is totally wrong to allege there was a wilful failure to disclose the investments. The returns of income are a complete answer to the baseless allegation. The compliant by the against my clients will be opposed in accordance with law."

The on Friday filed four criminal complaints here in a court charging Nalini Chidambaram (wife of former Minister), Karti Chidambaram, Srinidhi and the company for non-disclosure of immovable properties in the UK and in the US to the tax authorities.



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First Published: Sat, May 12 2018. 16:00 IST