NEW DELHI: In a significant setback for the Congress social gathering, the Income Tax Appellate Tribunal (ITAT) on Friday declined its plea in search of a keep in opposition to the Income Tax Department’s actions to recuperate and freeze the social gathering’s financial institution accounts. Senior Advocate Vivek Tamkha, representing the Congress, urged the tribunal to postpone the order for ten days, permitting the social gathering to strategy the High Court. However, the bench rejected this request, citing the absence of such provisions or prayers earlier than them.
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The Income Tax Appellate Tribunal (ITAT) dismisses the plea moved by the Congress Party which sought a keep in opposition to Income Tax Department proceedings of restoration and freezing of their Bank accounts.
Senior Advocate Vivek Tamkha who appeared for Congress requested to maintain the… pic.twitter.com/mPpja89ayy
— ANI (@ANI) March 8, 2024
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Vivek Tankha, who can also be the Congress authorized cell head, mentioned that he was extraordinarily dissatisfied with the Income Tax Appellate Tribunal’s order which didn’t comply with its personal previous precedents. He added that the social gathering is exploring all authorized choices on the I-T Appellate Tribunal’s order and can transfer to the excessive courtroom in opposition to it quickly.
Financial Terrorism By BP: Congress
Reacting to the event, Congress chief Ajay Maken mentioned, ”The I-T tribunal order freezing Congress’s funds is an assault on democracy because it has come forward of nationwide elections.” Reiterating its accusations of misuse of central businesses by the BJP, Congress labelled the tax demand as “politically motivated.” It claimed that the timing of the tax demand was aimed toward disrupting the social gathering’s election preparations. Additionally, the Congress accused the BJP authorities of partaking in “financial terrorism” and trying to “cripple” its main opposition.
Tax Dispute
On February 16, the Congress publicly disclosed that the Income Tax division had frozen its financial institution accounts attributable to a dispute over a tax demand amounting to Rs 210 crore. While the Income Tax division didn’t concern an official assertion concerning its actions in opposition to the Congress’ financial institution accounts, official sources maintained that it was a routine process utilized to people or entities failing to pay revenue tax dues.
Subsequently, the Congress alleged that the Income Tax division had “withdrawn” Rs 65 crore from its accounts in varied banks, describing the act as “undemocratic.” This withdrawal occurred regardless of the continued authorized proceedings in regards to the Congress’ revenue tax returns from earlier years.
