Congress' bank account not frozen, Rs 115 crore tax demand attached: Sources

congress' bank account not frozen, rs 115 crore tax demand attached: sources

NEW DELHI: The tax department has not frozen any bank account of Congress and only an amount of Rs 115 crore has been attached as part of recovery process linked to a 2018-19 tax demand, according to government sources aware of the developments.

The appellate tax tribunal granted “lien or protection” of Rs 115 crore to the tax department on an “understanding” in the presence of Congress and income tax lawyers. The tribunal in its interim order said it would be effective till the next date of hearing which has been set for February 21.

The tax department told the tribunal that the attachment of Rs 115 crore from various accounts was part of routine recovery process. Sources said operation or activity of accounts has not been stopped. “What has happened is a routine procedure applicable to all tax payees, individuals and entities,” said a source.

The case relates to a tax demand of Rs 135 crore which has been outstanding against Congress linked to the 2018-19 assessment year. This includes a demand of Rs 103 crore from an assessment order and interest of Rs 32 crore. The party had delayed filing the tax returns.

Congress appealed against the demand and was asked to pay 20% of the total demand as per laid out procedure. But the party paid only Rs 78 lakh instead of about Rs 21 crore as required under the law. The party was asked to pay the balance demand and the subsequent appeal filed by it before the commissioner of income tax ( appeals) was dismissed.

Congress then filed a second appeal before the income tax appellate tribunal and paid Rs 1.72 crore in October 2023. The tax department has started the recovery process of the tax demand of Rs 115 crore by attaching money from various accounts. Any amount above Rs 115 crore, that is the amount they owe to the exchequer, can be used by the party, the sources said asserting that no bank account operation has been stopped.

The sources said there has been no discrimination against any political party and rules have been applied as they are for all taxpayers. Tax and penalty is levied for any delay in filing of returns.

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