The case is related to notice issued by IT dept last year related to income from a coffee estate owned by them for the 2008-09 financial year. The Madras High Court today stayed all proceedings against former Union minister P Chidambaram and his family members pursuant to a demand notice issued by the Income Tax department last year relating to income from a coffee estate owned by them for the 2008-09 financial year. "Pending adjudication of the writ petitions, the further proceedings pursuant to the demand notice are stayed," the judge said and adjourned the hearing to March 16 next. The I-T department last year had issued the demand notice claiming about Rs six lakh from the petitioners after reassessing the income for the period. Coffee and other crop grown in the estate were continuously generating agriculture income and had been exempted from Income Tax since then, he said.
Source: dna January 25, 2017 16:25 UTC