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 This Post and Support:
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Most read articles recently

AAP propagandist tweets false claim about Adani Group, deletes due to fear of defamation

Earlier Delhi's Education Minister Manish Sisodia had also tweeted false claim about Adani Group

Rahul Gandhi’s lucrative and seemingly clandestine means of income and his links to scam accused FTIL, Unitech

How does Rahul Gandhi earn to buy land and other properties? A mystery we try to unravel
Congress' official twitter handle tweets the wrong date of Shahidi Diwas

BJP’s aggressive candidate list for 2019 election like a blizzard on Congress led by Rahul Gandhi

The boldness of BJP is apparent in that it has 21 present Union and ministers of state in the list, alongside the candidature of its party president, Amit Shah from Gandhinagar in Gujarat.

Watch: Embarrassment for Hardik Patel, crowd chants ‘Modi, Modi’ as he addresses a Holi event

Red-faced, Hardik Patel had to stop speaking and left the place soon after
Prakash Raj was welcomed with pro-Modi slogans in Bengaluru

Actor-turned-politician Prakash Raj greeted with pro-Modi slogans as he went to file his nomination

Prakash Raj seemed visibly miffed with a large number of Modi supporters welcoming him with pro-Modi slogans in Bengaluru

How Caravan and Congress’ attempts to create ‘bribegate’ before 2019 election fell flat

The 'bribegate' that Congress and The Caravan tried to cried falls flat on its face on several counts. 

‘Krantikari’ journalist Punya Prasun Bajpai sacked, again, this time from Surya Samachar

Punya Prasun Bajpai and his team of 25 had joined Surya Samachar last month

The Wire journalist wishes Holi with ‘Bismillah’, devout Muslims say it’s against Islam

Celebrating Hindu religious festivals is not the only that triggers abuses and threats from Muslim radicals

Jammu and Kashmir Police officer Imtiyaz Hussain claims his life being under threat after he exposed Pro-Pak Islamists and ‘journalists’

Jammu and Kashmir policeman reveals how certain 'journalists' work hand in glove with the enemies across the border in Pakistan

Netizens share hilarious ‘diary entries’ to mock Congress’ latest shoddy allegations against BJP

Congress shared photocopy of a handwritten note where they claimed Yeddyurappa signed diary entry incriminating himself

Latest articles

Connect with us

148,342FansLike
120,130FollowersFollow
30,996SubscribersSubscribe

Don't miss these


Share This Post and Support: