In public interest, we have decided to publish the entire 105-page Income Tax Assessment Order against Sonia Gandhi and Rahul Gandhi controlled company Young Indian. This Assessment Order proves that BJP leader Subramanian Swamy’s National Herald case against the Congress leadership is totally factual.
This Assessment Order published below this article establishes the following:
- As per the Assessment Order dated December 27, 2017, Income Tax Department (ITD) found that Congress party’s claim of giving Rs.90 crores loan to National Herald newspaper publishing company Associated Journal Limited (AJL) was totally bogus and a fraud engineered by the Gandhi family.
- The ITD charges that Young Indian concealed taxable income of more than Rs.414 crores. So as per Income Tax Act, the fine for the concealed taxable income ranges between 100 to 300% and criminal prosecution for such concealment.
- The fake loan theory of Rs.90 crores was engineered to grab the properties of National Herald newspaper in Delhi, Mumbai, Patna, Lucknow, Panchkula in Haryana and Bhopal, worth more than Rs.2000 crores by the Gandhi family-controlled company. All these properties in plush localities of these cities were allotted on lease for publishing newspapers by Central and State Governments at a paltry sum. Floating a new company called Young Indian was to grab these assets.
- The Assessment Order shows that 44 opportunities spanning 890 days were given to the Directors of Young Indian and Congress leadership. It also shows that Congress leadership including Motilal Vora tried to accuse the Income Tax officers, rather than give answers.
- The Order also shows that Priyanka Vadra was also part of the dubious deals to control the National Herald publishing company AJL.
- The allotment of more than three lakh shares of AJL to Congress President Rahul Gandhi and sister Priyanka was a violation of Companies Act too.
- Young Indian receiving Rs.1 crore from a Kolkata based company Doltex was nothing but a hawala transaction involving money laundering.
- Young Indian and AJL Directors Motilal Vora and Oscar Fernandez and Gandhi family aides Suman Dubey and Sam Pitroda acted dubiously to facilitate the grabbing of Rs.2000 crores worth assets of National Herald by Young Indian’s controlling Directors Sonia Gandhi and Rahul Gandhi.
Options before the Congress leadership are to file an appeal against this Assessment Order before the Income Tax Commissioner and then in the Income Tax Tribunal. After this, an appeal can be filed in High Court and Supreme Court. This Assessment Order also shows that Congress leadership had approached the Delhi High Court to stop the Income Tax from assessing and the petition was rejected.
The 105-page Income Tax Assessment Order against Young Indian is published below: