Brief by Shorts91 Newsdesk / 06:56am on 27 Mar 2024,Wednesday Politics
The Congress party faces another financial blow as the Income Tax Department gears up to demand Rs 523.87 crore for "unaccounted transactions" from 2014-2021, ahead of Lok Sabha elections. This comes after the recent withdrawal of Rs 135 crore from party accounts. Congress leader V K Tankha anticipates hefty penalties and interest on the new demand. The party's appeals against these actions were unsuccessful, losing before the Income-Tax Appellate Tribunal and the Delhi High Court. These setbacks further cripple the party financially, intensifying its challenges ahead of the elections.
