In a recent case the Delhi High Court rejected Indian National Congress’s Income Tax Appeal against four year reassessment 2017-2018, 2018-2019, 2019-2020 and 2020-2021.
In line with its previous ruling, which dismissed the political party’s identical pleas in relation to the reassessment proceedings for three years (2014–15, 2015–16, and 2016–17), a division bench made up of Justices Yashwant Varma and Purushaindra Kumar Kaurav rejected four pleas submitted by the Indian National Congress.
Only a few days before the deadline for finishing the assessment was about to expire, and at the “proverbial fag end of the proceedings,” the political party decided to approach the court, the court said in dismissing three petitions submitted by Congress .
The income tax authorities appear to have collected considerable and tangible evidence, it had said, that called for more investigation and review of Congress’s income under the Income Tax Act.In a previous ruling, the court has upheld the Income Tax Appellate Tribunal’s ( ITAT ) March 8 verdict, which refused to halt the political party’s demand notice for the recovery of over Rs. 100 crores in tax dues for the assessment year 2018–19.
Notwithstanding the events that have transpired since then, such as the tax authorities’ recovery of Rs. 65.94 crores as a result of the bank drafts being cashed, the Congress was permitted to file a new application for stay before the ITAT. The bench further stated that the ITAT may give Congress’ application fair consideration, should it be submitted in that manner.
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