CHENNAI: The Madras high court on Tuesday set aside a batch of notices issued by the income tax department against former union finance minister P Chidambaram and his family members for the assessment year 2010-11. Justice T S Sivagnanam granted the relief while allowing writ petitions from Chidambaram and his family members.
HC sets aside notices by I-T dept against P Chidambaram, family
The petitioner submitted that he and his family grow coffee and after pulping and drying, sell the raw coffee. Proceeds of its sale are agricultural income exempted from the applicability of Section 10(1) of the Income Tax Act, he said.