In March, the Congress party lost its appeal before the Income-Tax Appellate Tribunal (ITAT) where it had sought a stay on withdrawal of Rs 135 crore from its bank accounts
By Ritu Sarin
WITH LOK Sabha elections scheduled three weeks from now, the Congress party is bracing itself for another hefty demand from the Income Tax Department for “unaccounted transactions” totalling Rs 523.87 crore covering the period 2014-2021.
This will deal another blow to the party, which only recently saw the I-T department withdrawing Rs 135 crore from its bank accounts for previous dues. The “unaccounted transactions” of Rs 523.87 crore were traced during I-T raids conducted prior to the 2019 Lok Sabha elections.
This story was originally published in indianexpress.com. Read the full story here.
