Income Tax Tribunal upholds tax penalty imposed on Congress’ Young Indian: Reports

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has upheld the penalty imposed by the I-T department on Young Indian, the organisation involved in the National Herald scam. As per a report in the Times of India, the ITAT has upheld the penalty levied on Young Indian on the grounds that it did not submit the information sought by the Income Tax Department.

According to the report, the bench remarked that the conduct of the assessee is not at all bonafide. The Young Indian had argued in its defence that the information which the IT department is seeking is similar to the points made BJP MP Subramanian Swamy in his PIL, which is currently pending before the Delhi High Court. It also argued further that any adjudication made by the IT court in the matter might further impact to the case which is pending before the Delhi high court. The ITAT, however, reportedly rejected te argument.

The investigations of the Income Tax department are giving the Congress party plenty of causes for worry. We had reported earlier that the IT Department suspected that Rahul Gandhi had failed to declare a significant portion of his income as he had hidden the fact that he was a director of Young India. Rahul Gandhi and his mother Sonia had also approached the Delhi High Court seeking a stay on the Rs 249.15 crore income tax proceedings against it. They had also pleased the Court to gag the media from reporting on the matter, a request that was declined.

- Advertisement - - Article resumes -

It is pertinent to mention that Young India is at the heart of the National Herald case. The crux of the National Herald case revolves around the allegation that the Gandhis acquired property worth millions of rupees after Young India acquired Associate Journals Limited (AJL), which published the Congress mouthpiece, National Herald, via suspicious means of ownership transfer.


Share and Support:
Support OpIndia by paying for content

Most read articles recently

Fact-Check: N Ram is lying in his The Hindu article about the Rafale Deal, here’s how

The Hindu article gets its facts wrong and makes a blunder in analysing them

Freudian slip: Embarrassment for ‘united opposition’ at Kolkata rally as Sharad Yadav talks about the Bofors loot

At the United India opposition rally in Kolkata, Sharad Yadav said that Bofors was daylight robbery and that while our soldiers laid their lives down at the border, the ruling dispensation had robbed and stole in the Bofors case
Leaders like Jignesh Mevani must clarify if they agree with Arun Shourie's views on Ambedkar

Here are Arun Shourie’s views on Ambedkar, does Jignesh Mevani support them?

Arun Shourie was one of the attendees at the United India rally organized by the Trinamool Congress at Kolkata. The event was also attended by Jignes Mevani, a Dalit 'leader'.

Fact-check: Was the photo shared by Vinod Kapri that of Nehru after taking holy dip in Kumbh 1954

While a Congress leader in his book says photo shows Nehru immersing ashes of his father, few media houses say it was ashes of Nehru's mother
Short story: How a Modi supporters turned into a Modi hater overnight

How Mr X turned from being a die-hard Modi fan to a thorough Modi hater overnight

Every time PM Modi and his party would do something Mr X would oppose it but will pretend as if he supported the last action.

N Ram of The Hindu blatantly picks up the work of another journalist on Rafale to brand it an “exclusive”

N Ram of The Hindu has not only stolen another journalist's work on Rafale and called it his own, but he has also skewed his work to give it a narrative spin that suits him

Voter registration: A step-by-step guide to register online on the voter list

A comprehensive guide for the first time voters to register themselves on the portal and ensure their participation in the world's largest democracy

Congress expels former minister Srikant Jena and former MLA Sagaria for ‘anti party activities’

While Jena was a former Union Minister in the previous UPA government, the Dalit leader, Sagaria represented Koraput in the state assembly

Hail Mary pass: The stained ghosts of Niira Radia resurrected by the Congress ecosystem

The Radia tapes scandal brought to the fore the shenanigans employed by political parties and their ‘pliable’ journalists

Facts, No Fiction: Rahul Gandhi, the rightful heir to Indira’s legacy of Emergency

Rahul Gandhi has over the last couple of months demonstrated that at the end of the day, he is the rightful heir to the legacy of the family and to be more specific, to the legacy of Emergency

Latest articles

Connect with us

128,380FansLike
104,507FollowersFollow
9,003SubscribersSubscribe

Don't miss these