I-T tribunal dismisses Congress appeal against Rs 210 crore penalty

“We are disappointed with the income tax appellate tribunal order. We will be moving the high court very soon. They have not followed their own precedents in granting relief on payment of 20 per cent penalty, and that too to a national party which is now on the verge of contesting national elections, which will be notified soon,” Tankha told PTI.

He appeared before the tribunal on behalf of the party, appealing against the I-T order imposing a penalty worth Rs 210 crore for alleged discrepancies in I-T returns for previous years.

The Congress had earlier termed the income tax authorities’ decision as “tax terrorism” ahead of general elections only to cripple the funds of the principal Opposition party.

The Congress had earlier alleged that the income tax department had “withdrawn” a sum of Rs 65 crore from its accounts in different banks “undemocratically”, and claimed it had frozen another Rs 205 crore of its funds.

Maken said “democracy will be over in the country if the action of probe agencies goes unchecked” and said the Congress has full faith in the judiciary.

Leave a Comment