“Baseless allegations against P Chidambaram in black money charge sheet”: Family

According to reports, the family of former finance minister P Chidambaram said that the charge sheets filed by the Income Tax Department against them under the black money law were "baseless allegations" as the overseas investments under question were duly reflected in their IT returns.

"The Income Tax returns are prepared and filed on the advice of the chartered accountants. The investments in question were made through bank remittances. They were duly disclosed in the returns of income filed under Section 139 of the Income Tax Act for the relevant assessment year”, the family reportedly said.