I-T dept issues demand notice of Rs 1,800 crore to Congress amidst LS poll preparations

News Network
March 29, 2024

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The Income Tax department has issued a notice of approximately Rs 1,800 crore to the Congress party, exacerbating its financial concerns ahead of the crucial 2024 Lok Sabha elections, multiple reports revealed on Friday.

The development comes after the Delhi High Court rejected the party's plea challenging reassessment proceedings for four assessment years.

The new demand pertains to assessment years 2017-18 to 2020-21 and includes penalties and interest. The Congress party now awaits reassessment for three other assessment years, expected to conclude by Sunday, the stipulated deadline, said a report.

Congress lawyer and RS MP Vivek Tankha alleged that the fresh notice of nearly Rs 1,800 crore was served on the party on Thursday without key accompanying documents.

"We received the demand notice without assessment orders. The govt appeared keener to serve us with demand rather than issue us reasons for reassessment," a news paper quoted Tankha as saying. He further added, "this is how the main opposition party is being strangled financially, and that too during the Lok Sabha elections".

Delhi HC rejects plea

The Delhi High Court, on Thursday, dismissed petitions filed by the Congress challenging the initiation of tax reassessment proceedings spanning four years by tax authorities. Justices Yashwant Varma and Purushaindra Kumar Kaurav, comprising the bench, stated that the pleas were rejected in line with their earlier decision to abstain from intervening in the reopening of reassessment for an additional year.

The subject matter of the case pertained to assessment years from 2017 to 2021.

In a previous petition dismissed the week before, the Congress party had contested the initiation of reassessment proceedings concerning assessment years 2014-15 to 2016-17.

The High Court dismissed the plea, citing that the tax authority had prima facie gathered "substantial and concrete" evidence warranting further scrutiny. The tax department alleged that approximately Rs 520 crore had evaded assessment during these three years.

Additionally, the department revealed that searches conducted on entities, including some purportedly linked to Karnataka deputy chief minister D K Shivakumar and a company in Surat, had uncovered cash transactions involving Congress. These transactions were cited as violations, disqualifying the party from tax exemption available to political parties.

In the absence of exemption, parties are treated as "association of persons" and are obligated to pay taxes on their reported income. Moreover, the cash transactions are included in their total income.

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News Network
March 20,2025

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Hyderabad: A police case has been registered in Telangana against 25 celebrities, including prominent actors Rana Daggubati, Prakash Raj, Vijay Devarakonda, and Manchu Lakshmi, for allegedly endorsing illegal betting apps. The FIR was lodged following a complaint by businessman Phanindra Sarma.

The list of accused celebrities and influencers also includes Praneetha, Nidhi Agarwal, Ananya Nagalla, Siri Hanumanthu, Sreemukhi, Varshini Sounderajan, Vasanthi Krishnan, Shoba Shetty, Amrutha Chowdary, Nayani Pavani, Neha Pathan, Pandu, Padhmavathi, Imran Khan, Vishnu Priya, Harsha Sai, Sunny Yadav, Shyamala, Tasty Teja, and Bandaru Sheshayani Supritha.

According to the FIR, these individuals promoted betting platforms through social media advertisements, encouraging users to invest money in illegal online gambling. "These platforms deal with transactions worth thousands of lakhs of rupees, pushing several families—especially from middle-class and lower-middle-class backgrounds—into financial distress," states the complaint.

The complainant alleged that many people have lost their savings due to these apps. He claimed that he himself almost deposited money on one such platform but refrained after being warned by his family. The FIR further accuses the celebrities of accepting substantial remuneration to endorse these apps, thereby influencing the public—particularly those facing financial hardship—to invest and eventually fall into addiction, leading to severe financial consequences.

The case has been registered under various sections of the Bharatiya Nyaya Sanhita, the Information Technology Act, and applicable state laws concerning cheating and online fraud.

Reacting to the FIR, actor Prakash Raj clarified that he had endorsed such a platform back in 2015 but opted out within a year. He stated that he is currently gathering more details about the case.

This development comes amid heightened scrutiny of Telugu cinema celebrities. Notably, it follows the controversial arrest of Allu Arjun in December after a tragic incident at the premiere of Pushpa 2: The Rule in Hyderabad, where a woman lost her life due to a chaotic crowd surge. Police had claimed the actor’s presence at the event was unplanned and that no security measures were in place to control the large turnout.

The arrest of Allu Arjun had ignited a heated debate, drawing criticism from political opponents of the ruling Congress and key figures in the film industry. In response to the controversy, Telangana Chief Minister Revanth Reddy met with a delegation of filmmakers and actors, reassuring them of the state’s support for the film industry while asserting that law and order would remain a priority.

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News Network
March 20,2025

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Gaza’s health ministry says Israel’s renewed savagery has led to the massacre of at least 970 people in 48 hours.

The wave of deadly airstrikes that shattered a fragile ceasefire in Gaza on Tuesday has so far claimed the lives of at least 970 people across the besieged territory, the health ministry said in a statement on Wednesday.

Before the resumption of the offensive, the death toll from the regime’s 15 months of genocidal war recorded by the ministry at midday on March 17 stood at 48,577.

By midday on Wednesday, the figure had risen to 49,547, the ministry said.

The health ministry also registered "one death and five severe injuries among foreign staff working for UN institutions.”

It said Israel attacked a UN headquarters in Deir el-Balah, in the central Gaza Strip, on Wednesday.

The victims had been taken to the Al-Aqsa Martyrs Hospital, the health ministry said.

Israel's military denied attacking a UN building in Gaza.

The UN Office for Project Services (UNOPS) confirmed the death of one of its staff by an explosive that was "dropped or fired" on its building in Deir el-Balah.

"An explosive ordnance was dropped or fired at the infrastructure and detonated inside the building,” it said, adding that five others were injured.

UNOPS Executive Director Jorge Moreira da Silva said he was "shocked and devastated" by the death of a staff member.

“This was not an accident.”  he said, adding that "attacks against humanitarian premises are a breach of international law."

Bulgaria's foreign ministry said later in the day that one of its citizens working for the United Nations was killed in Gaza, without specifying where in the territory.

Benjamin Netanyahu of Israel threatened on Tuesday that the massacre of women and children in Gaza was “only the beginning.” He stands accused of committing war crimes and ethnic cleansing in Gaza.

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News Network
March 21,2025

Bengaluru: The Karnataka Assembly on Friday passed Bills doubling the salaries of the chief minister, ministers, and legislators, adding an annual burden of ₹62 crore on the exchequer.

The CM's monthly salary will increase from ₹75,000 to ₹1.5 lakh, while ministers will see a 108% hike, from ₹60,000 to ₹1.25 lakh. MLAs and MLCs will get ₹80,000 per month, up from ₹40,000, and their pension will rise from ₹50,000 to ₹75,000.

The Karnataka Ministers Salaries and Allowances (Amendment) Bill and the Karnataka Legislature Salaries, Pensions and Allowances (Amendment) Bill were passed without debate, as the Opposition BJP protested in the well of the House.

The Bills cited the rising cost of living as justification for the hike. The Assembly Speaker and Legislative Council chairperson will now receive ₹1.25 lakh per month, up from ₹75,000.

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