Madras HC grants interim stay on pleas of Chidambaram, family on IT notice

Madras HC grants interim stay on pleas of Chidambaram, family on IT notice

The Madras High Court today 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 IT department

Justice T S 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 November 14 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.

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