Congress cites fresh tax notice to attack BJP, war of words ensues
8 months, 3 weeks ago

Congress cites fresh tax notice to attack BJP, war of words ensues

Hindustan Times  

Income Tax authorities have served the Congress a fresh notice to pay ₹1,823.08 crore, citing arrears in Fiscal Year 94 and between FY17 and FY20, the opposition party announced on Friday as it accused the government of “tax terrorism” three weeks before the general elections kick off. A livid Congress announced nation-wide protests against “continuing tax terrorism of the Modi government on @INCIndia” over the weekend and party treasurer Ajay Maken dubbed the IT department as “BJP’s frontal organisation” and said the Congress will approach the Supreme Court on Monday. The BJP dismissed the allegations and said the Congress should follow legal procedures and fulfil its tax obligations instead of levelling allegations against the Income Tax Department and the judiciary. The IT department has already initiated recovery proceedings for ₹135 crores of “outstanding demand” after the income tax appellate tribunal and the Delhi high court dismissed petitions by the Congress to stay the recovery process.

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History of this topic

High Court Rejects Income Tax Appeal, Finds No Escapement of Rs. 3.25 Crore
2 months ago

High Court Rejects Income Tax Appeal, Finds No Escapement of Rs. 3.25 Crore

Live Law  

The Gujarat High Court has ruled that there cannot be any income escapement by the assessee if there is no unexplained amount in the bank statement on record. The court observed that the reason given by the assessing officer for alleged escapement of Rs.3,25,00,000/- is not sustainable since there is no unexplained amount in the bank statement on record since …

Tax defaults in India skyrocket by 1000% over last 10 years, litigations double: Report
4 months, 2 weeks ago

Tax defaults in India skyrocket by 1000% over last 10 years, litigations double: Report

Hindustan Times  

Tax defaults in India have skyrocketed by 1000% in the last ten years and litigation associated with it has also consequently risen, according to a Moneycontrol report, which cited data compiled from various Union Budgets. Tax defaults in India skyrocketed by 1000% in the last ten years and associated litigation has also consequently risen How much tax default did India …

Delhi man ends up paying ₹50,000 to CA over income tax dispute of 1 rupee: ‘Not joking’
5 months, 1 week ago

Delhi man ends up paying ₹50,000 to CA over income tax dispute of 1 rupee: ‘Not joking’

Hindustan Times  

A Delhi man claims he paid ₹50,000 to a chartered accountant after receiving an Income Tax notice. In a discussion where several people rued the complexity of filing taxes, he revealed: “Paid 50000/- fee to CA for a IT notice I received recently wherein the final disputed value turned out to be Re 1/-.” “I am not joking,” Jain added …

I-T Reprieve for Congress Till Polls
8 months, 3 weeks ago

I-T Reprieve for Congress Till Polls

Deccan Chronicle  

New Delhi: In a major reprieve to the Congress, the income-tax department on Monday told the Supreme Court that it will not take coercive action against the party for the tax demand notices of over Rs.3,500 crore in view of the forthcoming Lok Sabha elections. A bench of Justices B.V. Nagarathna and Augustine George Masih recorded the statement of Solicitor-General …

I-T notice to Congress is warning to all political parties, says P. Chidambaram
8 months, 3 weeks ago

I-T notice to Congress is warning to all political parties, says P. Chidambaram

The Hindu  

The Income Tax department's notice to the Congress, imposing a penalty of ₹135 crore, was a warning to all political parties in the country and the public too, of the BJP's intention to destroy the parties, former union minister P. Chidambaram alleged on Saturday. "The BJP government imposed a fine of ₹135 crore on the Congress party though the saffron …

Top news on March 30: Congress I-T notice, Dutch hostage crisis, Bharat Ratna awards and more
8 months, 3 weeks ago

Top news on March 30: Congress I-T notice, Dutch hostage crisis, Bharat Ratna awards and more

Live Mint  

March 30 was marked by numerous political developments in India and the US as elections draw increasingly closer. The Mint India Investment Summit 2024 is also underway in New Delhi with top officials including Finance Minister Nirmala Sitharaman in attendance. Indian Navy saves Pakistani crew from hijacked Iranian vessel The Indian Navy freed a hijacked Iranian fishing vessel from armed …

Himanta Sarma's jibe at Congress over tax notice: 'Against poor, downtrodden'
8 months, 3 weeks ago

Himanta Sarma's jibe at Congress over tax notice: 'Against poor, downtrodden'

Hindustan Times  

Assam chief minister Himanta Biswa Sarma on Friday took a swipe at the Congress over the income tax notice, saying the party was against "welfare activities, the poor and the downtrodden" if it hadn't been paying its taxes. Assam chief minister Himanta Biswa Sarma Sarma, one of the sharpest critics of the Congress, said the party is denying benefits to …

Rahul Gandhi takes ’cheerharan’ jibe at Centre after new I-T notice — ’someday, BJP govt will change and then...’
8 months, 3 weeks ago

Rahul Gandhi takes ’cheerharan’ jibe at Centre after new I-T notice — ’someday, BJP govt will change and then...’

Live Mint  

Congress leader Rahul Gandhi warned that someday, the Bharatiya Janata Party -led government will change and then stern action would be taken against those who undermine the democracy. His statement came hours after the Income Tax department served a fresh notice of over ₹1,700 crore to the Congress for discrepancies in tax returns for previous years. The Congress leader also …

Rahul Gandhi's ‘action’ warning: ‘Someday, BJP government will change…’
8 months, 3 weeks ago

Rahul Gandhi's ‘action’ warning: ‘Someday, BJP government will change…’

Hindustan Times  

New Delhi: Hours after the Congress received an income tax notice, Rahul Gandhi on Friday vowed to take stern action against those who undermine democracy. "When the government changes, those who undermine democracy will face action," the Congress party posted Rahul Gandhi's warning on X. Rahul Gandhi said the action will be so stern that democracy will never be undermined …

Congress to stage nationwide protest against income tax action, freezing of accounts
8 months, 3 weeks ago

Congress to stage nationwide protest against income tax action, freezing of accounts

Hindustan Times  

The Congress party on Friday announced to hold a nationwide protest on Saturday and Sunday at the party's state and district headquarters against the income-tax notices, the latest being of around ₹1,700 crore, which was sent earlier today. Read here: Congress gets ₹1,700 crore I-T notice in fresh setback ahead of Lok Sabha elections "In light of this egregious attack …

I-T dept should demand ₹4,600 crore from BJP: Congress's big charge after fresh tax notices
8 months, 3 weeks ago

I-T dept should demand ₹4,600 crore from BJP: Congress's big charge after fresh tax notices

Hindustan Times  

Day after the Congress was served fresh notices from the income-tax department asking it to pay ₹1,823.08 crore, party treasurer Ajay Maken claimed that while the BJP has committed significant violations, the Congress party has been unfairly targeted by the income tax authorities. Addressing a press conference along with Congress general secretary Jairam Ramesh, Maken on Friday said they analysed …

Congress gets ₹1,700 crore I-T notice in fresh setback ahead of Lok Sabha elections
8 months, 3 weeks ago

Congress gets ₹1,700 crore I-T notice in fresh setback ahead of Lok Sabha elections

Hindustan Times  

Congress's financial woes have worsened ahead of the Lok Sabha elections with the tax authorities serving the grand old party a notice of around ₹1,700 crore, reported PTI hours after the Delhi high court dismissed the party's petition challenging the reassessment proceedings for four years. The income tax department served the notice of ₹1,700 crore including penalty and interest for …

Delhi High Court rejects Congress’s plea against tax reassessment
9 months ago

Delhi High Court rejects Congress’s plea against tax reassessment

The Hindu  

In a huge setback to the Congress ahead of the Lok Sabha elections, the Delhi High Court on Friday rejected its pleas challenging the reassessment proceedings initiated against it by the Income Tax department. The Congress has challenged initiation of proceedings under Section 153C of the Income Tax Act for assessment pertaining to assessment years 2014-15 to 2016-17. The I-T …

Delhi HC agrees to hear Congress’s plea against tax re-assessment proceedings
9 months ago

Delhi HC agrees to hear Congress’s plea against tax re-assessment proceedings

The Hindu  

The 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 …

IT tribunal dismisses Congress' plea against action by tax authorities
9 months, 2 weeks ago

IT tribunal dismisses Congress' plea against action by tax authorities

Hindustan Times  

​The Income Tax Appellate Tribunal on Friday dismissed the Congress’s appeal against action by tax authorities over alleged discrepancies in tax returns that the party says has crippled its functioning just weeks ahead of general elections. IT authorities have attached ₹65 crore from five bank accounts of the Congress and its youth and students’ wings against the lien of ₹115 …

Income Tax tribunal dismisses Congress's plea to stop action against bank accounts
9 months, 2 weeks ago

Income Tax tribunal dismisses Congress's plea to stop action against bank accounts

Hindustan Times  

In a major setback to the Congress ahead of the 2024 Lok Sabha election, the Income Tax Tribunal on Friday dismissed the party's plea seeking a stay against the income tax department's action against Congress's bank accounts. In February, the income tax department seized the party's four main bank accounts on an income tax demand of ₹210 crore for 2018-19. …

Direct Tax Cases Monthly Round Up: February 2024
9 months, 3 weeks ago

Direct Tax Cases Monthly Round Up: February 2024

Live Law  

Supreme Court Case Title: Asst. Delhi High Court Case Title: The Commissioner Of Income Tax - International Taxation Versus S.A.Chitra Ventures Ltd. Citation: 2024 LiveLaw 211 The Delhi High Court has held that the AO, under Section 144C of the Income Tax Act, would have no jurisdiction to pass a draft assessment order in the absence of "any variation in …

Income Tax: Small outstanding tax demands remitted. How to check your status?
10 months ago

Income Tax: Small outstanding tax demands remitted. How to check your status?

Live Mint  

The income tax department has announced that eligible outstanding direct tax demands have been remitted and extinguished. Withdraw tax demands It is worth remembering that the government proposed to withdraw outstanding direct tax demands dating to years and decades ago. There were some old disputed tax demands — dating back to 1962 — causing anxiety to the honest tax payers. …

Income tax row: Congress claims BJP stealing money ‘from our banks’
10 months ago

Income tax row: Congress claims BJP stealing money ‘from our banks’

Hindustan Times  

New Delhi: The Bharatiya Janata Party is stealing money from the Congress's bank accounts, said party leader KC Venugopal on Thursday, reacting to the Income Tax department deducting ₹65.89 crore from AICC, Indian Youth Congress and NSUI accounts. KC Venugopal said the BJP has never given any income tax as a political party. On Wednesday, Congress leader Ajay Maken wrote …

'Does BJP pay?': Income Tax department deducts ₹65 crore from Cong accounts
10 months ago

'Does BJP pay?': Income Tax department deducts ₹65 crore from Cong accounts

Hindustan Times  

New Delhi: Reacting to the Income Tax department's decision to withdraw ₹65 crore from its accounts, the Congress has questioned the move, claiming political parties don't pay the direct tax in India. Ajay Maken wrote on his X account that neither the BJP nor the Congress pay the income tax, but still his party is facing ₹210 crore tax demand. …

'Does BJP pay income tax?' Cong says I-T dept withdrew ₹65 cr from banks
10 months ago

'Does BJP pay income tax?' Cong says I-T dept withdrew ₹65 cr from banks

Hindustan Times  

Congress treasurer Ajay Maken on Wednesday said the income tax department has undemocratically withdrawn ₹65 crore from the party's accounts with different banks while the issue of Congress paying income tax is sub judice. Ajay Maken wrote on Twitter sharing details of how much amount has been withdrawn by the income tax from New Delhi's Bank of Baroda, Union Bank …

Congress claims IT department has ‘mandated’ banks to withdraw ₹65 crore from its accounts
10 months ago

Congress claims IT department has ‘mandated’ banks to withdraw ₹65 crore from its accounts

The Hindu  

The Congress alleged on Wednesday that the Income Tax department has “mandated” banks to withdraws ₹65 crore from its accounts held in different banks. Accounts of the Indian National Congress, Indian Youth Congress, and the National Students’ Union of India have all been marked out by the IT department, Congress treasurer Ajay Maken said. “Yesterday, the Income Tax Department mandated …

Section 148A(b) Notice Not Specifically Served On Assessee: Punjab And Haryana High Court Imposes Rs. 10K Cost On Dept.
1 year ago

Section 148A(b) Notice Not Specifically Served On Assessee: Punjab And Haryana High Court Imposes Rs. 10K Cost On Dept.

Live Law  

The Punjab and Haryana High Court has imposed a cost of Rs. 10K on the income tax department and quashed the order under Section 148A of the Income Tax Act and the notice under Section 148 of the Income Tax Act.The bench of Justice G.S. Sandhawalia and Justice Lapita Banerji has observed that the notice under Section 148A of the …

Tax Cases Weekly Round-Up: 6 August To 12 August, 2023
1 year, 4 months ago

Tax Cases Weekly Round-Up: 6 August To 12 August, 2023

Live Law  

Delhi High Court Case Title: PCIT Versus M/S Eltek Sgs Pvt. Case Title: Anokhi Realty Private Limited vs. Income Tax Officer 2023 LiveLaw 132 Case Citation: 2023 LiveLaw 132 The Gujarat High Court has quashed the income tax reassessment notice against a non-existent entity. Case Title: Commissioner Of Income Tax Versus Star Rays The Gujarat High Court has held that …

Tax Cases Monthly Round-Up: July 2022
2 years, 4 months ago

Tax Cases Monthly Round-Up: July 2022

Live Law  

Indirect Tax Supreme Court Case Title: Commissioner of Customs And Central Excise, Amritsar v. M/s. Madras High Court Case Title: M/s.Anantham Retail Private Limited Versus State Tax Officer Citation: 2022 LiveLaw 283 While quashing the assessment order, the Madras High Court held that a demand for GST, interest, and penalty on Form DRC-01A cannot be made without the issuance of …

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