Active Stocks
Wed May 29 2024 15:50:35
  1. State Bank Of India share price
  2. 822.95 -0.96%
  1. Tata Steel share price
  2. 174.20 -0.37%
  1. HDFC Bank share price
  2. 1,507.85 -1.48%
  1. Power Grid Corporation Of India share price
  2. 317.55 1.52%
  1. ITC share price
  2. 430.80 0.44%
Business News/ News / ‘Tax terrorism against INC,’ says Congress on fresh 1,823.08 crore notice from I-T department
BackBack

‘Tax terrorism against INC,’ says Congress on fresh ₹1,823.08 crore notice from I-T department

Congress party addresses I-T department's demand for ₹1,823.08 crore, revealing ₹135 crores already seized from their bank account.

‘Tax terrorism against INC,’ says Congress on fresh ₹1,823.08 notice from I-T department (PTI)Premium
‘Tax terrorism against INC,’ says Congress on fresh 1,823.08 notice from I-T department (PTI)

The Congress party has reacted on the fresh I-T department notices demanding to pay 1,823.08 crore. Isuuing a statement, the party said, “Yesterday, we received fresh notices from the IT department to pay 1823.08 crores. Already the IT department has forcibly taken away 135 crores from our Bank account."

“Before the dust could settle on that vindictive unprecedented action, now in a patently illegal and undemocratic action the frontal organisation of the BJP – namely the Income Tax Department – has launched its next premeditated, diabolical campaign against the INC. 8 years of Income Tax returns of the INC have been reopened on baseless, manufactured grounds to levy patently illegal Income Tax Demand orders totalling thousands of crores of rupees."

While addressing a press conference at the AICC headquarters along with Congress general secretary Jairam Ramesh, party treasurer Ajay Maken alleged that the BJP is in serious violation of income-tax laws and added that a penalty of 4,600 crore should put on the saffron party.

Also Read: Lok Sabha elections 2024: Nakul Nath's annual income surges 185% in five years, reveals Congress MP's affidavit

“...We have analysed all violations of the BJP using the same parameters they used to analyse our violations... BJP has a penalty of 4600 crore. The income Tax department should raise a demand from the BJP for the payment of this amount...," Maken said.

On the notices, Maken said, “We have received notices from the time of Sitaram Kesari, from 1993-94... We have been demanded to pay 53 crores from the time of Sitaram Kesari. A total of 1823 crores has been made by the IT department from Congress." “Do you know how much 1800 crore is?... In 2019, our entire election expenditure was 800 crores…" the Congress leader questioned.

Also Read: Lok Sabha elections 2024: Mallikarjun Kharge, Sonia, Rahul Gandhi to release Congress manifesto in Jaipur on April 6

During the conference, Ramesh alleged that through the "electoral bonds scam", the Bharatiya Janata Party (BJP) collected 8,200 crore and used the route of "pre-paid, post-paid, post-raid bribes and shell companies".

Also Read: PM Modi's 'vintage' Congress culture jibe after 600 lawyers write to CJI: 'To browbeat and bully...'

"Efforts are being made to financially cripple the Congress, but we are not going to be cowed down," Ramesh said.

Earlier on 21 March, the Congress party claimed that all the bank accounts of the party have been frozen and the party was not being able to pay even 2 to do the campaign work. Rahul Gandhi said the action against the account of the grand old party came two months before the Lok Sabha election campaign. “One notice comes from the 90s, another from 6-7 years ago," Gandhi said. "20 per cent of India votes for us and we are not able to pay 2 for anything. It has been orchestrated to cripple us in the elections. Even if our bank accounts are unfrozen today, huge amount of debt damage has been done to Indian democracy."

You are on Mint! India's #1 news destination (Source: Press Gazette). To learn more about our business coverage and market insights Click Here!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 29 Mar 2024, 01:20 PM IST
Next Story footLogo
Recommended For You