tax demands
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| April 1, 2024, 11:41 a.m.
Income Tax Department Relents, Suspends Coercive Action Against Congress Amidst Tax Demands
In a significant development, the Income Tax department has announced its decision to refrain from taking coercive measures against the Indian National Congress amidst tax demands amounting to approximately ₹3500 crore. This decision, made during a Supreme Court hearing, follows fresh notices from the Income Tax department raising substantial tax demands against the Congress. The department's concession aims to avoid disruptions during the ongoing General Elections. The Congress has challenged the tax demands, asserting that political parties should not be taxed based on gross receipts.
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