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Delhi HC reserves order in Congress’ tax demand case
PTI, Mar 12, 2024, 4:47 PM IST
The Delhi High Court on Tuesday reserved its order on a petition by the Congress party challenging an order of the Income Tax Appellate Tribunal which refused to stay a notice issued by the Income Tax department for recovery of outstanding dues of more than Rs 100 crore. A bench of Justices Yashwant Varma and Purushaindra Kumar Kaurav heard the submissions on behalf of Congress and the I-T department and said the order is likely by Wednesday.
The Congress approached the high court after the Income Tax Appellate Tribunal (ITAT) on March 8 dismissed the party’s application seeking a stay on the February 13 notice of the I-T department initiating recovery proceedings against it.
The assessing officer had raised a tax demand of more than Rs 100 crore for the assessment year 2018-19 when the income was assessed to be more than Rs 199 crore.
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