Hours after the Delhi High Court rejected the Congress party’s pleas against tax reassessment proceedings, the party as served a notice of Rs 1,700 crore by the Income Tax Department.
The notice was served for the assessment years 2017-18 to 2020-21 and included penalty and interest.
The development was confirmed by Congress leader Vivek Tankha. On Thursday, the Delhi High Court rejected petitions by the Congress challenging the initiation of tax reassessment proceedings against it by tax authorities for a period of four years.
A bench of Justices Yashwant Varma and Purushaindra Kumar Kaurav said the pleas were dismissed in terms of its earlier decision refusing to interfere with the opening of re-assessment for another year.
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