For evading tax for income of Rs 154 crore in 2011-12, Congress President Rahul Gandhi gets an IT notice!

Karma haunts you back. Recently Rahul Gandhi was seen supporting few journalists who had faced the repercussions for spreading fake news on television about the Indian government. Liberal and secular media houses hailed Rahul Gandhi for supporting these journalists who peddled fake news regularly.

But just days after this incident, Rahul Gandhi contradicted his own statement. It so happened that earlier this week the Income Tax authority ordered to reopen Rahul Gandhi’s tax assessment related to the National Herald and Young India transactions.

Soon Rahul Gandhi’s lawyers had asked the Court to restrain media from publishing the matter. Wow, now the torch bearer of press freedom wants the media not to expose his past illegal deeds. Unfortunately, to Rahul Gandhi, Delhi High Court rejected Rahul Gandhi’s plea to restrain media from reporting.

This was because the decision of Income-tax was based on hard facts, as it had informed the High Court that the AICC gave Rs 99 crores to Associate Journal Ltd and also mentioned that Rahul Gandhi willfully chose not to disclose that he held the director’s post at Young India.

Now Rahul Gandhi is in big trouble as the I-T Department has accused Rahul Gandhi of concealing Income!

This trouble mounted on Rahul Gandhi as the income tax department discovered that Rahul Gandhi had hid the fact that he was a Director in Young India, of the ‘National Herald case’ fame. Pertaining this evading the tax, when 463 page report was accessed, it was revealed that Rahul Gandhi had evaded tax for Rs 154.97 crore income.

The notice served to Rahul Gandhi by the IT department mentions “I have reasons to believe that your income chargeable to tax of the assessment year of 2011 and 2012 has escaped assessment within the meaning of Section 147 of the Income Tax Act. I, therefore, propose to assess or reassess the income or loss for the said assessment year. I, hereby, require you to deliver to me within 30 days from the service of the notice…”.

Now that Rahul Gandhi has clearly evaded tax for his income of Rs 154 crore, the income tax authorities has asked him to state the source of his income. The notice also says why his income shouldn’t be reassessed, considering he had hidden a crucial fact. Reports state that the amount of Rs 154.97 crore is said to be obtained by Rahul Gandhi by buying the shares of ‘Young India’ at a lesser price than the fair market value of the shares.

The notice of the income tax authorities also states “It was observed that even though the assessee Sh. Rahul Gandhi held shares of Young India and was also one of its directors yet in the statement of assets and liabilities as on 31st March 2011 furnished by the assessee during the course of assessment proceedings for the relevant assessment year, this ownership of shares of Young India was not disclosed by the assessee”.

The IT notice served to Rahul Gandhi has further trapped Rahul Gandhi and his team. Earlier his team had raked up the Rafale deal but later on the French government clarified that there was no scam in the deal signed by the Modi government.

Source: Republic World
Times Now News

Hansika Raj