'Incriminating Evidence' To Legal 'Goof-Ups': Why Congress Is Losing Income Tax Battle In Courts & What's Next

the High Court noted that it is evident that the the Income Tax department appear to have collated substantial and concrete evidence warranting further scrutiny and examination under the I-T Act.

Details in I-T department's 'satisfaction note' have not been revealed completely by the high court, however, there are several references unaccounted cash transactions where funds were allegedly delivered to 24, Akbar Road

Source : PTI

New Delhi: The Delhi High Court on Friday dismissed the Congress party's petition against the initiation of income tax re-assessment proceedings against it for three years (2014-15, 2015-16 and 2016-17) by the Income-Tax department. The Congress filed seven writ petitions against tax department, which is seeking to conclude the ongoing reassessment for seven financial years (2013-14 to 2020-21) by March 31. Out of these seven petition, three were dismissed by the high court on Friday. A