The court on Saturday also directed the I-T department to keep in abeyance the warrant issued against him until he returned from his trip abroad.
Karthi Chidambaram gave a written undertaking to appear before the concerned IT official on 28 June.
Apprehending arrest following the issuance of a warrant, Karthi Chidambaram’s counsels, ARL Sundaresh and Satish Parasaran, knocked on the doors of the official residence of Chief Justice Indira Banerjee late last night.
However, they were instructed to approach the concerned portfolio judge with the anticipatory bail petition.
On being informed that a bail application has been filed before Justice AD Jagadeesh Chandra, the IT department’s counsel AP Srinivas appeared at the judge’s residence along with an IT official.
During the midnight hearing at the judge’s residence, the I-T department said three summons had already been issued to Karthi Chidambaram directing him to personally appear before it to record his statement in connection with the probe into alleged non-disclosure of assets abroad.
A copy of the bail plea was served to the counsel for the I-T department, as well as the official who accompanied him.
The counsel for I-T dept then submitted that Karthi had already got permission from the Supreme Court on 18 May 2018 to travel abroad.
To this, the I-T department submitted that the warrant was issued as he has not appeared pursuant to the summons issued.
The department said it would keep the warrant in abeyance if Karthi Chidambaram gave the undertaking to appear before the officer concerned on his return on the stipulated date.
Accordingly, Karthi Chidambaram gave a written undertaking that he would appear before the official on 28 June.
Recording it, the judge directed the I-T department to keep the warrant in abeyance and ordered it to inform the police station concerned of the same and closed the petition.
The income tax department had slapped the Black Money Act on Karti last year after it found that assets created by him abroad were in alleged violation of the law.
The new anti-black money law deals with cases of overseas illegal assets, which till recently were probed under the Income Tax Act, 1961.
The new legislation has provisions for a steep 120% tax and penalty on undisclosed foreign assets and income, besides carrying a jail term of up to 10 years.