SC admits SLP filed against Madras HC’s decision quashing prosecution launched against Karti Chidambaram
- Blog|News|Income Tax|
- < 1 minute
- By Taxmann
- |
- Last Updated on 14 September, 2022
Latest from Taxmann
Case Details: Deputy Director of Income-tax (Investigation) v. Karti P. Chidambaram - [2022] 142 taxmann.com 223 (SC)
Judiciary and Counsel Details
-
- Sanjiv Khanna & J.K. Maheshwari, JJ.
- Balbir Singh, ASG Navanjay Mahapatra, Manish Pushkarna, Naman Tandon, Raghav Sharma, Advs. & Raj Bahadur Yadav, AOR for the Petitioner.
- Kapil Sibbal, Sr. Adv. Kunal Vajani, Shubhang Tandon, Advs. & Kunal Mimani, AOR for the Respondent.
Facts of the Case
The Supreme Court of India has admitted Special Leave Petition (SLP) filed by IT Department against the ruling delivered by the Madras High Court wherein relief was granted to Karti P. Chidambaram-assessee.
In the given case, Deputy Director had lodged prosecution against the assessee under section 125 of Code of Criminal Procedure for an offense of wilful attempt to evade tax under sections 276C, 277, and 278.
High Court Held
The Madras High Court had held that neither any incriminating materials were unearthed by the prosecution from assessee nor any incriminating statements admissible under section 132(4) were recorded from assessee so as to proceed against assessee. What was sought to be used against assessee was some statements said to be contained in hard discs seized during search on some other entity. Thus, prosecution initiated against assessee for offences under sections 276C, 277, and 278 was unjustified.
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
