At one point, the Judges told the Congress leaders: “Don’t be arrogant. First go to tax officers,” when the lawyers again and again pressed them.
The Delhi High Court declined to stay the income tax proceedings against Young Indian Pvt. Ltd. in the National Herald case, which involves, Congress leaders Sonia Gandhi and Rahul Gandhi, and asked them to approach the tax authorities.
“We are not inclined to entertain your writ petition. It is better you withdraw it and approach the income tax assessing officer,” a bench of Justices S Muralidhar and Chander Shekhar said. It also said that the company has not moved the assessing officer raising its grievances, so it should first approach the IT department and submit its documents.n case it is still not satisfied, the company can move the court thereafter, the bench added. At one point, the Judges told the Congress leaders: “Don’t be arrogant. First go to tax officers,” when the lawyers again and again pressed them.
Income Tax action came after the trial court summoned Sonia, Rahul and other Congress leaders on BJP leader Subramanian Swamy’s petition.
Sensing the mood of the bench, senior advocate Abhishek Manu Singhvi, appearing for the Young Indian, withdrew the petition which was allowed by the court that termed it “dismissed as withdrawn”.
Young Indian (YI) had approached the high court seeking a direction to stay the IT proceedings and quashing of re- assessment notices issued against it with regard to the National Herald misappropriation of assets case. The company was issued notices regarding the assessment year 2011-12.
The counsel for the Income Tax Department opposed the petition, saying the firm has not moved the assessing officer and hence its plea was not maintainable.
Income Tax action came after the trial court summoned Sonia, Rahul and other Congress leaders on BJP leader Subramanian Swamy’s petition. The Income Tax Department sent notice to Congress party for illegally giving Rs.90 crores ($12.5 million) to AJL. There is doubt if even Congress Party funded AJL as noted by Political Commentator, Accountant and Journalist S Gurumurthy shed light on the sources of funding.
Swamy had accused the Gandhis and others of conspiring to cheat and misappropriate funds by paying just Rs. 50 lakhs ($78,000), through which YI had obtained the right to recover Rs. 90.25 crores ($12.5 million) which the Associate Journals Limited (AJL) owed to the Congress party. Motilal Vora, Oscar Fernandes, Suman Dubey and Sam Pitroda are the co-accused in the case. Next hearing in the trial court is scheduled on May 15, where arguments for seeking further documents expected to continue.
PGurus has covered this case extensively and archives can be accessed by clicking here.
1. The conversion rate used in this article is 1 USD = 64.16 Rupees.
2. Text in Blue points to additional data on the topic.
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