Delhi HC agrees to hear Congress’s plea against tax re-assessment proceedings
The HinduThe Delhi High Court on Tuesday listed a petition by the Congress against tax re-assessment proceedings against it for hearing on Wednesday. Last week, the High Court had rejected Congress party’s plea challenging an order of the Income Tax Appellate Tribunal declining to stay an Income Tax Department notice for recovery of outstanding tax of more than ₹100 crore. Senior advocate Vivek Tankha, representing the Congress, had said that the party is under tremendous pressure as its bank accounts have been frozen, especially with the looming Lok Sabha election on the horizon. The ITAT on March 8 had dismissed the Congress party’s application seeking a stay on the February 13 notice of the I-T department initiating recovery proceedings against it.