New Delhi, Sep 10: Delhi High Court on Monday rejected the pleas of Congress president Rahul Gandhi and his mother Sonia Gandhi who were challenging reopening of their Tax Assessment for 2011-12.
BJP leader Subramanian Swamy filed a complaint of "cheating" in the acquisition of Associated Journals Limited (AJL) and alleged conspiring to cheat and misappropriate funds by paying only Rs 50 lakh by which Young Indian Pvt Ltd obtained the right to recover Rs 90.25 crore which AJL owed to the Congress.
It was submitted that Mr Gandhi and Ms Gandhi are major stakeholders in Young Indian which has acquired Associated Journals Limited (AJL). National Herald newspaper was published by AJL. The other accused in the case are Motilal Vora, Suman Dubey, Sam Pitroda and Young Indian.
It was submitted that they have allegedly not disclosed their income earned through Young Indian Pvt Ltd (YI) for the year 2011-2012.Department of Income Tax submitted before the court that they have concealed facts for evading tax.
The High Court in March this year directed Young Indian to deposit Rs 10 crore in the Rs 249.15 crore income tax proceedings against the firm.Ms Gandhi, her son and her party colleague Oscar filed a plea against Income Tax notice seeking tax reassessment.
After hearing the order, Young Indian requested the court to stay the recovery of tax and interest of Rs 249.15 crore raised in pursuance to a December 27, 2017 notice issued under section 156 of the IT Act for the assessment year 2011-12.
It has been submitted on behalf of the company that it is a charitable firm and does not have any income and that Income Tax authorities have wrongly raised a demand of Rs 249 crore for the assessment year 2011-12.
Delhi High Court Justices S Ravindra Bhatt and A K Chawla today after hearing bothe the party said, "The writ petitioners have failed". The court passed a dismissal order on the pleas of Congress leaders Sonia Gandhi and Rahul Gandhi who were challenging reopening of their Tax Assessment for 2011-12. (UNI)