By NewsBlogger The Congress party faces a financial controversy after receiving notices from the Income-Tax department totaling Rs 1,823 crore, leading to plans to move the Supreme Court against the actions taken amidst allegations of income-tax law violations by the BJP.
At a glance
- Congress party facing financial controversy with Rs 1,823 crore tax notices.
- Plans to move Supreme Court against Income-Tax department actions.
- The income department traced Rs 523.87 crore unaccounted transactions.
- TMC MP Saket Gokhale received 11 notices; CPI demanded Rs 11 crore.
- Congress accuses BJP of income-tax law violations.
The details
The Congress party is currently facing a financial controversy after receiving fresh notices from the Income-Tax department for five years, totaling a significant sum of Rs 1,823 crore.
However, detailed orders regarding the alleged undeclared income for each financial year have not yet been served.
The party has expressed its inability to pay the tax demanded along with the penalties applied.
In response, the Congress party has announced its plans to move the Supreme Court against the ongoing actions taken by the Income-Tax department.
During raids conducted before the 2019 Lok Sabha elections, the Income-Tax department traced “unaccounted transactions” of Rs 523.87 crore, further complicating the financial situation for the Congress party.
The party’s appeals before the Income-Tax Appellate Tribunal and the Delhi High Court were unsuccessful.
In a related development, the All India Trinamool Congress (TMC) MP Saket Gokhale has received 11 notices from the Income-Tax department in the last 72 hours.
The Communist Party of India (CPI) has also been served a notice by the department, demanding payment of “dues” amounting to Rs 11 crore.
Amidst these tax-related issues, the Congress party has accused the BJP of serious violations of income-tax laws.
It has alleged that the BJP-ruled Income-Tax department forcibly withdrew Rs 135 crore from the Congress party’s bank accounts.
Furthermore, the BJP has come under scrutiny for not disclosing the address of 1,297 donors who contributed Rs 42 crore in the financial year 2017-18.
Despite these challenges, the Congress party has reiterated its complete trust in India’s democracy and judicial system.
The party has affirmed that it does not seek assistance from any foreign power to address the ongoing financial and legal matters.
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| indianexpress.com |
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| – Congress party received fresh notices from the Income-Tax department for five years, totaling Rs 1,823 crore – Detailed orders regarding the alleged undeclared income for each financial year have not yet been served – Congress party does not have the funds to pay the tax demanded and penalties applied – Congress party plans to move the Supreme Court against the ongoing I-T action – I-T department traced “unaccounted transactions” of Rs 523.87 crore during raids conducted before the 2019 Lok Sabha elections – Congress party lost its appeal before the Income-Tax Appellate Tribunal and the Delhi High Court – All India Trinamool Congress (TMC) MP Saket Gokhale received 11 notices from the I-T department in the last 72 hours – Communist Party of India (CPI) received a notice from the I-T department asking it to pay “dues” of Rs 11 crore – Congress alleged BJP was in “serious violation” of income-tax laws – BJP-ruled I-T department forcibly took out Rs 135 crore from Congress’s bank accounts – BJP did not disclose the address of 1,297 donors who donated Rs 42 crore in 2017-18 – Congress party has complete trust in India’s democracy and judicial system and does not need help from any foreign power |
