India

Delhi High Court to Hear Congress Party’s Petition in Rs 210 Crore Income Tax Case on March 20

The Delhi High Court is scheduled to hear a petition filed by the Congress Party regarding an ongoing income tax dispute on March 20. The case revolves around the Income Tax Department’s decision to initiate a three-year assessment proceeding against the political party.

This development comes after the Income Tax Department took legal action against the Congress Party, contesting an earlier order to commence assessment proceedings. The High Court had previously declined to intervene in the Income Tax Department’s actions concerning the Congress Party’s bank accounts.

The dispute stems from alleged irregularities in the Congress Party’s tax returns, with the Income Tax Department imposing a hefty fine of Rs 210 crore. In response, the Congress Party challenged this decision by filing an appeal with the Income Tax Appellate Tribunal.

However, on March 8, the Tribunal refused to grant a stay on the Income Tax Department’s actions, prompting the Congress Party to escalate the matter to the Delhi High Court.

Also read: Petition Challenging Section 64 Of CRPC Will Be Heard In SC On March 20

The outcome of this legal battle could have significant implications for both the Congress Party and the Income Tax Department. The Congress Party’s finances and its ability to operate effectively could be affected by the hefty fine imposed by the tax authorities. On the other hand, the Income Tax Department’s actions will be scrutinized by the judiciary to ensure adherence to legal procedures and fairness.

The March 20 hearing at the Delhi High Court will be closely watched by political observers and legal experts alike, as it could provide clarity on the legality of the Income Tax Department’s actions and the Congress Party’s recourse in addressing alleged tax irregularities.

Kavya Bhatt

Recent Posts

PIB Fact‑Check Debunks Fake BSNL KYC Suspension Notices

PIB clarified that the message is not from BSNL. The company never sends such notices…

25 mins ago

Bank Nifty Hits Record 57,000, Sensex And Nifty Close In Green

The Indian stock markets closed in the green on Monday, with Bank Nifty touching a…

1 hour ago

Man Discovers ₹1 Lakh In JSW Steel Shares Bought By His Father Turns Into ₹80 Crore After 30 Years

A Reddit user's discovery of old JSW Steel share certificates bought by his father in…

2 hours ago

PM Modi Pays Tribute To Birsa Munda On 125th Death Anniversary; Hails Tribal Icon’s Sacrifice

Prime Minister Narendra Modi on Monday paid tribute to tribal freedom fighter Bhagwan Birsa Munda…

2 hours ago

Astronaut Shubhanshu Shukla To Become First Indian On ISS; Aims To Inspire A Generation For Space

Indian astronaut Shubhanshu Shukla is set to make history by becoming the first Indian to…

3 hours ago

PM Modi’s 11-Year Tenure Lauded For Good Governance And India’s Global Rise

As Prime Minister Narendra Modi completed 11 years in office, leaders across political parties praised…

3 hours ago