INC Files Petition with Delhi HC Challenging Income Tax Re-Assessment Proceedings

INC Files Petition with Delhi HC Challenging Income Tax Re-Assessment Proceedings

On Tuesday, the Indian National Congress took action by filing a case in the Delhi High Court challenging the commencement of income tax re-assessment procedures by tax authorities.

Advocate Prasanna S brought this matter before a division bench consisting of Acting Chief Justice Manmohan and Justice Manmeet Pritam Singh Arora, who granted permission for it to be scheduled for hearing the following day.

A recent decision by a coordinating bench affirmed the order issued by the Income Tax Appellate Tribunal (ITAT) on March 8, denying a request to suspend a demand notice sent to the political party for the recovery of over Rs. 100 crores in outstanding taxes for the assessment year 2018-19.

Nevertheless, the court granted the Congress the freedom to submit a new application for a stay before the ITAT, considering the developments that have transpired in the interim, such as the recovery of Rs. 65.94 crores by the tax authorities through the encashment of bank drafts.

Additionally, the court specified that if the Congress chooses to submit such an application, it should be promptly reviewed by the ITAT.

 

Share this News

Website designed, developed and maintained by webexy