The Indian National Congress approached the Delhi High Court on Tuesday against the initiation of income tax re-assessment proceedings against it by the tax authorities.The matter was mentioned by Advocate Prasanna S before a division bench of Acting Chief Justice Manmohan and Justice Manmeet Pritam Singh Arora which allowed it to be listed tomorrow. “If in order…list tomorrow,” the...
The Indian National Congress approached the Delhi High Court on Tuesday against the initiation of income tax re-assessment proceedings against it by the tax authorities.
The matter was mentioned by Advocate Prasanna S before a division bench of Acting Chief Justice Manmohan and Justice Manmeet Pritam Singh Arora which allowed it to be listed tomorrow.
“If in order…list tomorrow,” the bench said.
Recently, a coordinate bench upheld the order passed by the Income Tax Appellate Tribunal (ITAT) on March 08 refusing to stay a demand notice issued to the political party for recovery of outstanding tax of more than Rs. 100 crores for the assessment year 2018-19.
However, the court granted liberty to the Congress to move a fresh application for stay before the ITAT bearing in mind the developments which have occurred in the meanwhile including that of an amount of Rs.65.94 crores having been recovered by the tax authorities pursuant to encashment of the bank drafts.
It added that Congress' application, if so moved, may be considered by the ITAT with due expedition.