The recent development has proved that Rahul Gandhi is not going to come out from his bad times in the near future. In a fresh setback to Rahul Gandhi and his mother Sonia Gandhi, the Delhi High Court on September 11th rejected Congress President Rahul Gandhi and UPA Chairperson Sonia Gandhi’s plea challenging the Income Tax notice seeking tax reassessment for the financial year 2011-2012, in connection with the National Herald Case. Not just the Gandhis, the petition filed by senior Congress leader Oscar Fernandes was also rejected.
What the Delhi High Court said while rejecting the petition?
The Delhi High Court while rejecting the petitions said, “the Income Tax department has powers to reopen tax proceedings and that the petitioners can approach income tax department with their grievances”.
Rahul Gandhi evaded tax for income of Rs 154 crore in 2011-12?
Recently the Income Tax department had sent a notice to Rahul Gandhi for tax evasion in the year 2011-2012. In the month of August, the Income Tax authority ordered to reopen Rahul Gandhi’s tax assessment related to the National Herald and Young India transactions.
That’s when the new trouble started to mount on Rahul Gandhi and his team for evading tax in the year, according to the Income-tax department. The IT department claimed that Rahul Gandhi didn’t pay tax for an income of Rs 154.97.
Rahul Gandhi had claimed that he had an income of Rs 68 lakhs but as per he held shares in Young Indian, his income was Rs.154 crores and he succeeded in evading a huge amount of tax by hiding from the Income-Tax department that he was a Director in Young India, which is the main company involved in the ‘National Herald case’
But the Income Tax Officials in their notice stated “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…”.
The notice had also said “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”.
Regarding this case, Rahul Gandhi had urged the Court to restrain media from publishing the matter. But the Delhi High Court rejected Rahul Gandhi’s plea to restrain media from reporting. This was because the Income-tax authority 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.
It must also be noted that in December 2017 the Income Tax Department had fined Young Indian for Rs.250 crores for suppressing the taxable income of Rs.414 crores in 2011-2012.