New Delhi: Relief for the opposition parties including the Congress who are stuck in tax arrears. The Income Tax Department has informed the Supreme Court that the tax dues will not be collected immediately. Solicitor General Tushar Mehta, who appeared for the Income Tax Department, stated this.
Tushar Mehta informed the court that no action will be taken till the elections are over. A bench consisting of B.V. Nagaratna and Augustine George Masih was considering the petition filed by the Congress against the Income Tax Department, which seized Rs 135 crore from various accounts of the party.
The petition was against the seizure of Rs 135 crore including penalty and interest of Rs 103 crore for late filing of income tax returns for the financial year 2018-19. At the same time, the Solicitor General informed that 3500 crores of tax is outstanding and said that he has more to say on the matter.
However, senior advocate Manu Abhishek Singhvi, appearing for the Congress, said that the Congress is a political party and not a profit making organisation. He also informed the court that properties worth Rs 135 crore have already been confiscated. The case was adjourned to July 24.
