The Delhi High Court dismissed the Indian National Congress’s plea against the Income Tax Appellate Tribunal’s decision not to stay the Income Tax department’s lien on their bank accounts. The court recognized the facts and arguments presented, affirming the tribunal’s decision. The Congress party was granted the liberty to approach the tribunal if circumstances change, offering a potential future recourse. The legal battle involves significant financial figures and maneuvering, with the IT department confirming the recovery of Rs 65 crore from the Congress party’s bank accounts against a demand of Rs 135 crore. The court’s decision followed the tribunal’s dismissal of the Congress’s plea to prevent the IT lien, and the subsequent unsuccessful appeal highlighted the party’s urgent need for relief. The tribunal emphasized the party’s lack of diligence in addressing the demand raised by the assessing officer, leading to the dismissal of their concerns about the recovery action.
