{"id":5925,"date":"2015-12-03T15:04:15","date_gmt":"2015-12-03T09:34:15","guid":{"rendered":"http:\/\/www.itatonline.org\/info\/?p=5925"},"modified":"2015-12-03T15:04:57","modified_gmt":"2015-12-03T09:34:57","slug":"chidu-eminent-lawyer-cbdt-defends-itself","status":"publish","type":"post","link":"https:\/\/itatonline.org\/info\/chidu-eminent-lawyer-cbdt-defends-itself\/","title":{"rendered":"Chidu, Eminent Lawyer & Former Finance Minister, Alleges \u201cMalicious Onslaught\u201d By CBDT; CBDT Defends Itself"},"content":{"rendered":"

P Chidambaram, eminent senior advocate and former Finance Minister, has alleged that the raids conducted by the Income-tax department on Advantage Strategic Consulting Pvt Ltd and Vasan Eye Care, companies said to be connected to his son, Karti Chidamabaram, is a \u201cmalicious onslaught<\/em>\u201d by the Government on him. In reply to the allegations, the CBDT has issued a press release dated 01.12.2015 stating that the search action was based on \u201ccredible information of tax evasion and large scale financial irregularities<\/em>\u201d committed by the group. It is also claimed that \u201ccertain incriminating evidence indicative of tax evasion and financial irregularities have been recovered during the on-going investigation<\/em>\u201d. The CBDT has also clarified that there is no collateral purpose behind the search action and that no political person or his family member have been targeted. <\/p>\n

<\/p>\n

Government of India
\nMinistry of Finance
\nDepartment of Revenue
\nCentral Board of Direct Taxes <\/p>\n

PRESS RELEASE <\/p>\n

New Delhi, 1st December, 2015 <\/p>\n

Subject: Search and Survey operations under the Income-tax Act on certain groups at Chennai and Tiruchirapalli-reg <\/p>\n

Based upon credible information of tax evasion and large scale financial irregularities committed by a group based at Chennai and Tiruchirappalli, the Investigation Wing of the Income Tax Department at Chennai has been conducting investigation. As part of such investigation, searches under section 132 and surveys under section 133A of the Income-tax Act, 1961 are being conducted at the residential and business premises of the key functionaries of the group, today i.e., 1st December 2015. <\/p>\n

Survey is also being conducted at the business premises of another private limited company in Chennai which has shareholding in a company of the aforesaid group.
\nCertain incriminating evidence indicative of tax evasion and financial irregularities have been recovered during the on-going investigation. Further action as per law will follow. <\/p>\n

The searches and surveys have been conducted strictly as per the provisions of the Income-tax Act. These are consequential to the on-going investigations. There is no collateral purpose behind such actions and no political person or his family member are today shareholders or directors of the companies searched or surveyed by the Income Tax Department. <\/p>\n

Disclosure of information respecting assessees is prohibited except as provided in section 138 of the Income-tax Act, 1961. <\/p>\n

(Shefali Shah)
\nPr. Commissioner of Income Tax (OSD)
\nOfficial Spokesperson, CBDT <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

P Chidambaram, eminent senior advocate and former Finance Minister, has alleged that the raids conducted by the Income-tax department on Advantage Strategic Consulting Pvt Ltd and Vasan Eye Care, companies said to be connected to his son, Karti Chidamabaram, is a \u201cmalicious onslaught<\/em>\u201d by the Government on him. In reply to the allegations, the CBDT has issued a press release dated 01.12.2015 stating that the search action was based on \u201ccredible information of tax evasion and large scale financial irregularities<\/em>\u201d committed by the group. It is also claimed that \u201ccertain incriminating evidence indicative of tax evasion and financial irregularities have been recovered during the on-going investigation<\/em>\u201d. The CBDT has also clarified that there is no collateral purpose behind the search action and that no political person or his family member have been targeted<\/p>\n

Read more ›<\/a><\/div>\n

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