NEW DELHI: When the Income Tax division freezes somebody’s checking account, it’s a monetary situation. However, when the Income Tax division freezes the financial institution accounts of the Congress celebration to get better its dues, it turns into a political situation. That’s precisely what occurred as we speak. When the Income Tax division froze the Congress’s financial institution accounts, Congress labelled it as a ”freeze on democracy”. They proclaimed that the Narendra Modi authorities has shut down Congress’s accounts. Interestingly, as quickly as Congress started its political rhetoric, its financial institution accounts had been unfrozen, and Congress’s worries dissipated. Today, we’ll put Congress’s earnings tax politics to the DNA check.
This morning, the Congress celebration held a press convention throughout which its chief Ajay Maken made sensational allegations that beneath the Modi authorities’s rule, ”democracy has been frozen”. Everyone thought that if the Congress celebration was making such an enormous accusation, one thing important will need to have occurred. But it turned out to be a lot ado about nothing.
In actuality, democracy wasn’t frozen; solely 4 financial institution accounts of the Congress celebration had been frozen. Not all financial institution accounts had been frozen, simply 4 of them. Congress declared it as a freeze on democracy. Interestingly, at 11 am, Congress revealed by means of a press convention that its 4 financial institution accounts had been frozen, and inside an hour and a half, that’s, by 12:30 pm., Congress’s financial institution accounts had been reactivated.
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According to Congress chief Ajay Maken, Congress was knowledgeable on February 14th that checks issued by Congress weren’t being honoured by banks. Upon inquiry with the financial institution, it was revealed that the financial institution accounts of the Congress celebration, together with these of the Youth Congress, had been frozen. The cause cited was that the Income Tax division has demanded a restoration of 210 crore rupees from Congress and Youth Congress. Due to non-payment, Congress’s financial institution accounts had been frozen.
This situation is expounded to earnings tax. And issues associated to earnings tax are monetary points. For this, Congress approached the Income Tax Appellate Tribunal on February fifteenth. Before the ITAT may order the removing of the freeze on Congress’s accounts, Congress had already turned this monetary situation right into a political one.
Why is Congress so agitated over the sealing of 4 financial institution accounts? If financial institution accounts are sealed, why is Congress so afraid of what is going to occur subsequent? How will they combat elections? Congress dramatized the freezing of its financial institution accounts by calling it a freeze on democracy and claimed it was a conspiracy by the Modi authorities to cease Congress from contesting elections. But inside an hour, Congress’s financial institution accounts had been reactivated, and ITAT supplied reduction to Congress.
After going by means of this report, you have to have understood how expert Congress is at making a mountain out of a molehill. Now, we need to ask some inquiries to the nation’s oldest celebration, Congress. The query is, how did the freezing of Congress celebration’s 4 financial institution accounts equate to a freeze on democracy? If Congress runs out of cash to pay electrical energy payments, worker salaries, and for authorized proceedings, does that imply democracy inside India has ceased to exist fully?
Even if Congress’s financial institution accounts had been sealed, does that imply that just one celebration’s politics will stay within the nation? Does Congress take into account itself to be India and its financial institution accounts as India’s democracy? Because in accordance with Congress’s logic, it looks as if its financial institution accounts have not been sealed; as a substitute, democracy itself has been sealed. This case is an easy one for the Income Tax division, and the freezing of Congress’s accounts was performed whereas adhering to the entire authorized course of.
The fascinating factor right here is that Congress’s financial institution accounts had been frozen when the Income Tax division was cracking down on tax evaders and people misusing electoral funds for cash laundering functions. In truth, it is not hidden from anybody that electoral funds are sometimes misused for tax evasion and cash laundering. In such a situation, it might have been higher if Congress had additionally revealed why the report of electoral funds obtained in 2018-19 was delayed by 45 days to the Income Tax division.
Stay tuned to Zee News present DNA for an in depth evaluation of the problem and Congress’s politics on the Income Tax division’s transfer.
