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Recovery Of Rs 135 Crore From Congress As Per Income Tax Laws: Report
By : Vidya J S
The Congress lost income tax exemption in 2018-19 due to extensive use of cash in the electoral process, sources said, justifying that Rs 135 crore tax recovery from the party was consistent with the provisions of the Income Tax Act.Based on incriminating material seized by the Income Tax Department during search operations, specifically in April 2019, reflecting extensive use of cash in the electoral process, assessments of the party were reopened for seven years (AY 2014-15 to AY 2020-21), sources said.
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