NEW DELHI (Reuters): India’s Income Tax department will not pursue a 35-billion rupee ($420 million) payment from the main opposition Congress party until after the completion of general elections in June, the department told the country’s top court on Monday.
The tax department’s decision is seen as a breather for the Congress, which has been served multiple income tax notices over the past month and authorities have recovered 1.35 billion rupees in penalties from its bank accounts weeks before voting begins on April 19.
The party has called the action against it as politically motivated and an attempt to financially cripple it as it has hurt its election campaign expenses.
Prime Minister Narendra Modi’s Bharatiya Janata Party has denied the allegations saying the tax department is only following rules that govern tax law violations.
Tushar Mehta, India’s solicitor-general, told the Supreme Court that the Income Tax department will not initiate any “coercive action” until after the elections. The seven-phase elections are set to be held from April 19 to June 1 and votes counted on June 4.
The court set July 24 for the next hearing on the tax matter.
JERUSALEM (Reuters): Israeli war cabinet minister Benny Gantz demanded on Saturday that Prime Minister Benjamin…
HANOI: Vietnam’s governing Communist Party has nominated the public security minister to be the next…
TORONTO (Reuters): Some Canadian provinces have logged a jump in unclaimed dead bodies in recent…
SAN FRANCISCO (AFP): A man who attacked the elderly husband of former US House Speaker…
F.P. Report ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday decided to send Deputy Prime Minister…
F.P. Report LAHORE: Pakistan Muslim League-Nawaz supremo Mian Nawaz Sharif reiterated his long held position…
This website uses cookies.