New Delhi:The Income-Tax Department has issued Karti P Chidambaram a notice under the Black Money Act, asking him to provide details of an “undisclosed” property in the UK.

The son of former finance minister P Chidambaram refuted the charge, and claimed he had disclosed the details of the asset in his tax returns. The department has issued similar notices to Karti’s mother and wife as well under the Black Money (Undisclosed Foreign Income & Assets) and Imposition of Tax Act, 2015.

Karti and others have also been asked to provide details of all their assets in India and abroad. The UK property is based in Barton, Cambridge. In the notice, the department said Karti had paid Rs 77,66,797 for the property in fiscal year 2015-16.

“Also you have not disclosed the said foreign assets/financial interests fully” in the returns filed for the assessment year 2016-17, as well as a payment of Rs 1 crore made in the name of Karti’s minor daughter, the notice read.

In his response, Karti said the department could issue such a notice under the Black Money Act only when the foreign asset is an “undisclosed” one, and so should withdraw it in this case.

The jurisdiction is “totally absent” here since “there is no foreign asset which has not been disclosed” in the returns, Karti said in the reply filed through his lawyer.

According to it, the department got the very details of the UK property from Karti’s income tax returns. Karti has submitted that the “foreign remittance for purchase of the said foreign asset was through normal banking channels as per RBI guidelines”.