Key Points
The Income Tax department on Monday informed the Supreme Court that it will not take any coercive action to recover Rs 3,567 crore from Congress party during the Lok Sabha elections...
The department urged the court to reschedule the hearing for June and emphasized its commitment to avoiding disruptions for any political party during the electoral process...
Considering the demand, the court listed the matter for July 24, 2024...
In mounting trouble for the Congress, the party said it has received notices from the Income Tax department, raising a tax demand of Rs 1,745 crore for the assessment years 2014-15 to 2016-17..
The Congress has also been taxed for "third-party entries" made in diaries seized from some of its leaders by probe agencies during raids, the sources said...
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Income Tax department tells SC: 'No coercive steps against Congress till July 24'
01, Apr, 24Solicitor General Tushar Mehta told the Supreme Court that since elections are on, the department does not want any problem to be caused to any party. | Latest News India
How India's grand old party was left with bank accounts frozen
22, Mar, 24At a hurriedly convened press conference on February 16, Congress treasurer Ajay Maken said the tax department had frozen the party's main bank accounts on the flimsy ground of delay in filing returns years ago. He said the action had left the party with no money to meet daily expenses and was part of Modi govt's agenda to kill democracy and turn the country into a one-party state.
Congress gets fresh I-T notice of over Rs 1,745 crore, total tax demand rises to Rs 3567 crore
31, Mar, 24According to sources cited by PTI, the fresh tax notices relate to 2014-15 (Rs 663 crore), 2015-16 (around Rs 664 crore) and 2016-17 (around Rs 417 crore). The authorities have ended the tax exemption available to political parties and have taxed the party for the entire collections, they added.
Congress cites fresh tax notice to attack BJP, war of words ensues
30, Mar, 24Income Tax authorities served the Congress a notice to pay ₹1,823.08 crore, triggering accusations of "tax terrorism" ahead of elections. | Latest News India
Congress' ₹1,800 crore income tax department notice: 'Received two more notices later,' says party
30, Mar, 24Ahead of the 2024 Lok Sabha polls, the income tax department sent a notice to the Congress party, asking it to pay around ₹1,823 crore
Congress gets fresh income tax notices amounting to over ₹1745 crore: Report
31, Mar, 24In total, the Income Tax office has so far asked the Congress party to cough up ₹3,567 crore. | Latest News India
No tax relief, Delhi HC dismisses Cong's plea against recovery of ₹105 crore
13, Mar, 24The Delhi high court refused to interfere with the income tax tribunal order which dismissed Congress's appeal seeking a stay on income tax department notice. | Latest News India
No coercive steps to recover ₹3,500 crore from Congress, Income Tax dept tell SC
01, Apr, 24Solicitor General Tushar Mehta submitted before the court that it will not be resorting to any urgent action to retrieve the money from the party | Latest News India
Congress case: HC factors in income tax claim Rs 520 crore may've escaped assessment
23, Mar, 24Delhi High Court scrutinizes income tax department's 'satisfaction note' on cash transactions during 2018-2019 elections, implicating Kakkar-Miglani g
Day after Rs 1,800 crore tax notice, Congress says 'it got two more last night'
30, Mar, 24Senior Congress leader Jairam Ramesh said the party got two more Income Tax notices "last night", a day after the grand old party got a fresh Rs 1,800 crore notice from the Income Tax Department.