INC moves to Delhi HC against Income Tax reassessment, highlighting ongoing legal battle. Bench, led by Acting Chief Justice Manmohan, agrees to expedite hearing.
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DELHI: Today(on 19th March), The Indian National Congress (INC) has approached the Delhi High Court, challenging the Income Tax Department’s decision to reopen tax reassessment proceedings against the party.
The Delhi High Court responded promptly to the Congress party’s counsel, granting an urgent hearing on the matter. The bench, headed by Acting Chief Justice Manmohan and Justice Manmeet Pritam Singh Arora, scheduled the hearing for the following day, highlighting the case’s significance with the remark-
“If in order, list tomorrow.”
The Delhi High Court judgment affirming the Income Tax Appellate Tribunal’s decision. The ITAT had rejected the Congress party’s plea for a stay on an Income Tax department notice, demanding the recovery of over Rs 100 crore in outstanding taxes. Justices Yashwant Varma and Purushaindra Kumar Kaurav found no substantial grounds to challenge the ITAT’s ruling issued on March 8.
ALSO READ: Delhi High Court Reserves Verdict on Congress’ Tax Recovery Dispute
The Congress and the Income Tax Department have been marked by intense arguments and deliberations. The ITAT’s decision came after a detailed examination of the appeals and contentions presented by both parties.
The Congress had initially approached the high court following the ITAT’s dismissal of its plea, which sought a stay on the Income Tax department’s notice dated February 13. This notice was the beginning of recovery proceedings against the party, with a tax demand exceeding Rs 100 crore for the assessment year 2018-19, based on an income assessment of over Rs 199 crore.
During the court proceedings, the Congress party’s legal representative appealed for judicial intervention, emphasizing the severe consequences the party would suffer without protective measures.
ALSO READ: Income Tax Appellate Tribunal Rejects Congress’s Plea on Bank Account Actions
The Court has granted expedited consideration of the matter, scheduling a hearing for March 20th.
