HC quashed prosecution against P. Chidambaram’s son & daughter-in-law for alleged non-disclosure of cash

Karti P.Chidambaram Vs DDIT (Madras High Court)

Conclusion: Prosecution launched by the Deputy Director for alleged non disclosure of cash by assessee and his wife was not maintainable and premature one. Merely because the power vested to lodge a complaint by the Deputy Director every case the prosecution could not be launched merely on the conferment of such power without any material. If AO came to the conclusion in a proceedings under Section 153 of the Income Tax Act, it was open to the Department to ini

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