Thursday, April 18, 2024

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income tax

Explainer: How ‘unaccounted transactions’ and violations led the IT Department to send notices of demands worth Rs 3,567 crores from Congress

The IT dept initiated reassessment proceedings after discovering discrepancies in the Congress party's tax returns.

Trouble mounts for Congress: IT department sends fresh notice for pending dues over Rs 1,745 crore for years 2014-15 to 2016-17, total outstanding now...

Congress earlier received notices for five years (Assessment Year 1994-95 and AYs 2017-18 to 2020-21) from the Income-Tax department.

Income Tax department issues 1700 crores demand notice to Congress Party

The Delhi High Court had earlier this week dismissed the party's plea, challenging Income Tax Department's order opening of reassessment proceedings against it for 2017-18, 2018-19, 2019-20, and 2020-21.

‘Petitioner has itself to blame’: Delhi HC rejects plea by Congress seeking a stay on proceedings initiated by IT Dept for recovery of Rs...

The Delhi High Court delivered a decision that rejected the Indian National Congress Party's (INC) appeal against the Income Tax Appellate Tribunal's (Tribunal) decision to dismiss their application to halt the Income Tax Department's recovery proceedings for Rs 135 crores (comprising interest accrued).

Congress moves Delhi HC after Income Tax tribunal dismisses stay plea on Income Tax notice for recovery of over Rs 105 crore in outstanding...

The Income Tax Department had recovered Rs 65 crore from the accounts of the Indian National Congress out of the total outstanding tax dues of Rs 115 crore.

“Acted with responsibility”: Income Tax dept defends recovering ₹65 crore from Congress, says amount will be returned if the party wins the case

The Income Tax Department said that they acted with responsibility and their action was fully in line with the law to recover Rs 65 crore from the bank accounts of Congress party

Income Tax Department recovers Rs 65 crores from Congress account, party approaches ITAT

The Income Tax Department recovered Rs 65 crores from the Congress party as a part of the total outstanding tax dues of Rs 115 crores.

As Income Tax tribunal allows Congress party to operate its bank accounts after being ‘frozen’, read details of the ₹135 crore tax demand case

Income Tax department said that it recovered ₹115 crore from Congress party’s 6 bank accounts, and the party is free to use the balance amount

Congress says bank accounts are operational an hour after claiming they were frozen, claims IT dept asked them to maintain Rs 115 crores in...

Congress had earlier today claimed that its bank accounts were frozen by the Income Tax Department.

Congress party claims all their bank accounts have been frozen, alleges that I-T department is asking Rs 210 crore

Maken added, "On the other hand, more than Rs 6,500 crores which were collected through unconstitutional corporate bonds which have been pronounced unconstitutional by the Supreme Court, that account of the BJP still exists."

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