Income Tax Department has issued Congress demand notice of Rs 1700 crore: Sources
First Published: 29th March, 2024 15:08 IST
The Delhi High Court had earlier this week dismissed the party's plea, challenging Income Tax Department's order opening of reassessment proceedings against it for 2017-18, 2018-19, 2019-20, and 2020-21.
In mounting troubles for Congress amid Lok Sabha poll campaign, the Income Tax Department has issued demand notice of about Rs 1700 crore to the party, sources said.
They said the fresh demand notice is for assessment years 2017-18 to 2020-21 and includes penalty and interest.
The Delhi High Court had earlier this week dismissed the party’s plea, challenging Income Tax Department’s order opening of reassessment proceedings against it for 2017-18, 2018-19, 2019-20, and 2020-21.
The Division Bench of Justice Yashwant Verma and Justice Purushaindra Kumar Kaurav on Thursday dismissed four pleas filed by the Congress on similar terms as its earlier judgement, whereby identical pleas of the same political party were dismissed regarding the reassessment proceedings for three years.
Recently, the Delhi High Court upheld the Income Tax Appellate Tribunal (ITAT) order refusing to stay on the Income Tax notice for recovery of more than Rs 105 crore as outstanding tax against the Congress.
The Court while upholding the ITAT order, granted liberty to the petitioner’s Congress party to move the appellate tribunal afresh with the grievance.
The Congress has recently approached the Income Tax Appellate Tribunal (ITAT) against the recovery and has filed a complaint and sought a stay against Income Tax Department proceedings of recovery and “freezing” of their Bank accounts. (ANI)
COMMENTS
TOPMOST STORY NOW
Live “I bow to citizens of Arunachal Pradesh…”: Arunachal CM Khandu thanks voters
27th April 2024Live Rising mercury: Meghalaya schools to have hydration breaks, no outdoor activities
27th April 2024Live Nagaland: CNCCI’s indefinite shutdown against multiple taxes, intimidation begins
27th April 2024Live Agartala, Tripura: Chief Electoral Officer (CEO) Puneet Agarwal speaks about LS Polls phase 2
27th April 2024WE RECOMMEND
Congress lodges police complaint against ‘fake video’ of Rahul Gandhi circulated on social media
The party stated that the video aims to "destroy" the religious harmony of the country and portray the party in a negative light. The party also attacked a copy of the video along with the complaint.
27th April 2024‘Spiderman’ lands in Delhi police net
After a video of the duo's stunts in Dwarka on a bike without a number plate went viral on social media, Delhi Police apprehended them and booked them under the Motor Vehicle Act for various offenses including dangerous driving and riding without helmets among others.
26th April 2024Voting begins in 88 seats in second phase of Lok Sabha elections
IMD has forecast normal weather for phase two Lok Sabha polls.
26th April 2024Lok Sabha Polls 2024 Phase 2: India gets ready to vote tomorrow
Among the 1206 candidates are 61 candidates contesting for 5 Lok Sabha seats of Assam, 9 candidates contesting for the Tripura East seat and 4 candidates contesting for the Outer Manipur seat.
25th April 2024Trade between India-Bangladesh flourishing through Assam’s Karimganj
The local businessmen, traders, and local people are expecting that the trade (export and import) between the two neighbouring countries will increase more in the coming days.
25th April 2024