Congress Faces Mounting Tax Demand: ₹1745 Crore Notice Adds to Existing ₹1823 Crore
The Income Tax Department has issued a fresh notice to the Congress party, demanding a sum of ₹1745 crore for the period spanning from 2014 to 2017. This new notice compounds the party's tax liabilities, now totaling ₹3567 crore. Breakdown of the tax demands reveals ₹663 crore for 2014-15, ₹664 crore for 2015-16, and ₹417 crore for 2016-17, sent to the Congress. Sources affiliated with the Congress party allege that the Income Tax Department has revoked the tax exemptions previously granted to political entities, resulting in taxes being levied on the party's entire revenue collection. Furthermore, reports suggest that taxes have been imposed on entries made by third parties in diaries seized from Congress leaders during raids. The Congress party had received a prior notice from the Income Tax Department just two days ago, on March 29, amounting to ₹1823 crore. This earlier demand notice pertains to the period from 2017-18 to 2020-21 and includes accrued interest and penalties....