Madras HC quashes Black Money Act prosecution against Chidambaram family [Read Judgment]November 3 2018
The Madras High Court yesterday quashed the prosecution proceedings launched by the Income Tax (IT) Department against the Chidambaram family under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (Black Money Act).
After extending interim protection from prosecution earlier, the Bench of Justices S Manikumar and Subramonium Prasad today set aside the prosecution proceedings altogether, concluding that no case could be been made out against the Chidambaram family to launch a prosecution under the Black Money Act. As stated . . .
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