The I-T notice to Congress pertains to the assessment years spanning from 2017-18 to 2020-21
The Congress Party once again received another setback on Friday after the Income Tax Department served a demand notice amounting to approximately Rs.1823.08 crore.
The notice pertains to the assessment years spanning from 2017-18 to 2020-21 and encompasses penalty charges along with accrued interest.
Income Tax Department issues fresh notices to Congress to pay Rs.1,823 crore as tax dues. The notices start from assessment year 1993-94.
- Rs.54 crore for FY 1993-94
- Rs.182 crore for FY 2016-17
- Rs.179 crore for FY 2017-18
- Rs.918 crore for FY 2018-19
- Rs.490 crore for FY 2019-20
Already, I-T Department has frozen Rs.135 crores from the accounts of Congress.
Reacting to the notice, in a press conference today, Congress member Jairam Ramesh labelled the notices as a form of “tax terrorism” orchestrated to weaken the party financially, stressing the need to halt such actions.
“The notices are being sent to cripple us financially. This is tax terrorism, and this is being used to attack the Congress, this has to stop,” Congress’s Jairam Ramesh said in a press conference today.
Earlier this week, the Delhi High Court dismissed the Congress party’s plea contesting the initiation of reassessment proceedings by the Income Tax Department for the years 2017-18 to 2020-21. The court upheld its earlier decision rejecting similar pleas by Congress regarding reassessment proceedings for previous years.
Moreover, a recent ruling by the Delhi High Court affirmed the Income Tax Appellate Tribunal‘s decision not to suspend the Income Tax notice for the recovery of over Rs.105 crore in outstanding taxes from the Congress Party. However, the court granted the Congress liberty to approach the appellate tribunal again with their grievances.
In response, the Congress Party has moved to the Income Tax Appellate Tribunal to contest the recovery proceedings, seeking a stay on the process and the freezing of their bank accounts.
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All the Party owners have enriched themself without doing a days work. So when they are held to account, the democracy is in danger with the collapse of constitution. The trouble is nobody is buying it.
Pappu is jobless & without salary !! Yet income tax is raiding & demanding. Death of democracy & collapse of constitution !! Time to go back to Italy ? जननी जन्म भूमिश्च स्वर्गादपि गरीयसी || Motherland (Italy) is superior even to heaven.”
Pappu is jobless & without salary !! Yet income tax is raiding & demanding. Death of democracy & collapse of constitution !! Time to go back to Italy ?