In a statement issued, the CPI (M) clarified that its income-expenditure accounts are regularly submitted to both the Income Tax Department and the Election Commission annually, including those of the Thrissur District Committee.
Two-wheeler manufacturer, Hero MotoCorp, disclosed has received tax demand notice from the Income Tax department for Rs. 308.65 crore and interest thereon of Rs. 296.22 crore for six assessment years, the firm said in a stock exchange filing on Thursday.
Coming down heavily on the Centre over the alleged misuse of central agencies such as the Directorate of Enforcement (ED), CBI and the Income Tax Department against the Opposition leaders and parties, former Rajasthan chief minister Ashok Gehlot on Wednesday said democracy was in 'danger'.
Launching a scathing attack on the central agencies, Assam Congress leader Jakir Hussain Sikdar said on Monday that the ED, CBI and Income tax Department are the branches of the Bhartiya Janata Party.
The Income Tax Department of the Central Government assured the Supreme Court on Monday that it will not take any steps to recover approximately Rs 3500 crore in income tax dues from the Indian National Congress (INC) party until the upcoming general elections are over.
The Communist Party of India (CPI) received a Notice from the Income Tax Department sometime back regarding some discrepancies due to the use of old PAN cards by some state units of the Communist Party of India, said General Secretary of CPI, D Raja
After the Congress alleged that the party has received fresh notices from the income-tax department, Assam Chief Minister Himanta Biswa Sarma on Friday said that if Congress is not paying the taxes, it means they are against "welfare activities, poor and the downtrodden."
Income tax notices to the Indian National Congress were issued back in March 2023 and the assessment proceedings demanded for those seven years, as per law, were set to get time barred on March 31, 2024, according to sources.
After the Congress alleged that the party has received fresh notices from the income-tax department, party leader Rahul Gandhi on Friday said that when they come to power, they will take "strict action" against those trying to "murder the democracy."
Accusing the Income Tax Department of double-standards, Congress on Friday alleged that while it has been penalised for "a violation of Rs 14 lakh", the income tax authorities were completely silent on "Rs 42 crore violation" by the BJP and that the violations by the ruling party at the C
In mounting troubles for Congress amid Lok Sabha poll campaign, the Income Tax Department has issued demand notice of about Rs 1700 crore to the party, sources said