Brief by Shorts91 Newsdesk / 06:29am on 29 Mar 2024,Friday Politics
Following the Delhi High Court's rejection of pleas against tax reassessment, the Congress party faces a Rs 1,700 crore tax notice from the Income Tax Department. The notice, covering assessment years 2017-18 and 2020-21, includes penalties and interest. Congress leader Vivek Tankha confirmed the development. The court's decision, coming a day after rejecting Congress's petitions, upholds tax authorities' right to reassess for four years. The ongoing dispute highlights the party's legal battles over reassessment proceedings, extending back to assessment years 2014-15 to 2016-17.
