Relief for Congress as I-T won’t recover dues during polls
On Monday, the Income Tax department told the Supreme Court that it won’t take any coercive action against Congress for tax demand notices of Rs. 3,567 crore in view of Lok Sabha polls.
The I-T department urged the court to post the matter for hearing in June and said, “Do not want to create problems for any party during elections.”
The Income Tax department has raised a total demand of ₹3,567 crore from the party, with the latest notice issued. Moreover, according to the party’s claims regarding notices received by the I-T department on Friday, March 29, a demand of ₹1,823 crore was raised.
The string of notices follows the I-T department’s raids prior to the 2019 Lok Sabha elections where it claimed to have traced “unaccounted transactions” of Rs.523.87 crore.
In the apex court, a bench presided by Justice B V Nagarathna and Justice Augustine George Masih recorded the statement of the Solicitor General and posted the Congress’ plea against the tax demand notices for July.
Solicitor General Tushar Mehta, representing the Tax department informed the court that no precipitative action will be taken till the final adjudication of the matter in the prevailing circumstances.
“I want to make a statement in this matter. The Congress is a political party and since elections are going on, we are not going to take any coercive action against the party,” the Solicitor General said in a statement.
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