Jolt to Congress in National Herald case, Income Tax proceedings to continue

Soon after the High Court order, the Congress accused the Centre of spreading misinformation.

By: Express News Service | New Delhi | Updated: May 13, 2017 10:04 am
National herald case, sonia gandhi, rahul gandhi, national herald proceedings, delhi hc national herald, india news, indian express Major stakeholders in Young Indian Pvt Ltd

In a setback to the Congress in the National Herald case, the Delhi High Court Friday declined to stay Income Tax proceedings against Young Indian Pvt Ltd whose major stakeholders are party president Sonia Gandhi and vice president Rahul. Making it clear that tax proceedings in the case will continue, the bench of Justices S Muralidhar and Chander Shekhar said: “We are not inclined to entertain your writ petition. It is better that you withdraw it and approach the income tax assessing officer.”

The bench said the company had not moved the assessing officer and raised its grievances, so it should first approach the I-T department and submit its documents. In case it was not satisfied, the company could always move the court, the bench said.

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Senior advocate Abhishek Manu Singhvi, who appeared for the company, withdrew the petition which was allowed by the court that termed it “dismissed as withdrawn”.

Young Indian (YI), which was incorporated in November 2010 with a capital of Rs 50 lakh, had acquired almost all the shareholding of the Associated Journal Ltd (AJL), which is the owner of the National Herald newspaper.

BJP MP Subramanian Swamy, in a private criminal complaint filed before a trial court, had accused the Gandhis and others of conspiring to cheat and misappropriate funds by paying just Rs 50 lakh, through which YI had obtained the right to recover Rs 90.25 crore which the AJL owed to the Congress party.

YI had approached the High Court seeking a direction to stay the I-T proceedings and quashing of re-assessment notice issued against it with regard to the National Herald misappropriation of assets case.

Soon after the High Court order, the Congress accused the Centre of spreading misinformation. “I sometimes wonder if the government does not have better things to do with governance in this country than to circulate unsigned notes of briefing to all of you which are actually campaigns of misinformation and distortion,” Singhvi, donning the role of a Congress leader, told reporters at the AICC briefing.

He said YI had approached the court because the I-T department had in 2014 sought to reopen tax assessment six years older. He said a notice was issued based on “two queries about a company”. Singhvi said he had withdrawn the case as the High Court, in its written orders, said that all points raised by Young Indian can be raised before the I-T department including the point that it had no reason to believe to reopen the case. “In view of the matter, because of that, I withdrew the writ,” he said.

(With PTI inputs)

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  1. R
    Rohan
    May 13, 2017 at 4:29 pm
    So much Hawabaazi! So much gas!! So much diarrhea of words on corruption!!! But three years later not a single court action (even this one is still in the process of finding prima facie evidence) despite coaching witnesses and threatening bureaucrats to make false statements!!! India will soon see through these fake merchants .....
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    1. S
      Sankaran Krishnan
      May 13, 2017 at 4:25 pm
      The intention of the Congress Party is very clear that it wanted to delay the process and that was the reason the party had not gone directly to the Income Tax Department which had raised the queries and without replying them it seems the brain drain legal brains of the congress party approached the court which had give a ing reply i.e to approach the IT department first and then if not satisfied to the court concern !!!
      Reply
      1. D
        Damodar Biswal
        May 13, 2017 at 12:34 pm
        They should not be worried if they think that they have done nothing wrong.But if any wrong doing has happened,then only God can save.
        Reply
        1. H
          HOMER
          May 13, 2017 at 9:50 am
          The last emperor PAPPU G can't play in the palace! The dowager empress commands only her court EUNUCHS and the people want her blood spilled the way her husband spilled Sikh blood! The question is when will America let her leave and issue her a GREENCARD for her services? Before she is prosecuted for loot and treachery, or after?
          Reply
          1. T
            TIHAEwale
            May 13, 2017 at 9:17 am
            if it is indeed true “I sometimes wonder if the government does not have better things to do with governance in this country than to circulate unsigned notes of briefing to all of you which are actually campaigns of misinformation and distortion,” then these briefing may used as toilet rolls so far Feku56 has not been able to pluck hairs of even Robber Vadra of course Rahul comes from illustrious family of Indira and Rajiv who sacrificed their life to protect Unity and integrity of India unlike Feku56 who might be presiding over liquidation of kashmir valley by singing Mehbooba O Mehbooba and eating biryani lunch with Sharif Badmaash
            Reply
            1. T
              Truth
              May 13, 2017 at 9:49 am
              Panchamda wouldn't know how to react to this---- his score meant solely for the Sholay - Gabbar Singh, was now being used on some other Gabbar....
              Reply
              1. H
                HOMER
                May 13, 2017 at 9:55 am
                Ha ha ha! Spoken like a loyal paid servant to the white widow waitress looter queen and her clown Prince pappu! The government has little to do here, they simply provide the courts with evidence so the judge can throw the Dowager empress in prison and recover what she looted! Naturally those KEPT by her are likely to protest, while those robbed by her are waiting to see her in chains! Ha ha ha!
                Reply
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                  Damodar Biswal
                  May 13, 2017 at 12:38 pm
                  Yes,Rahul was born with a silver spoon in his mouth.That is the reason for which the entire congress leadership runs after him even though they know it for certain that he is not a leadership material.Sycophants n family worshippers like u will continue to hail the his n the Vadras even though ,they can not live without corruption n scams.
                  Reply
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