Congress is making hue and cry about Income Tax action and notices since last few days.

Today morning they did a press conference on the same.

Let's see and understand the facts 1) AY 2018-19:
On 06.07.2021, Assessment order of AY 2018-19 was passed creating a demand of Rs. 105.17 crores. The Congress, as assessee, failed to pay the demand.

Against the assessment order, the Congress preferred an appeal before CIT(Appeal).

Stay application of Congress filed was dismissed through speaking order. Further, notice of recovery was served on the them.

Later, appeal of Congress was dismissed by Ld. CIT(Appeal) on 28.03.2023. Congress preferred an appeal before Hon’ble ITAT.

Accordingly, to recover outstanding demand, measures were undertaken to recover demand of around Rs. 135 Crores (Tax + Interest).

In the meanwhile, Congress filed stay application with Hon’ble ITAT. During the stay proceedings, the recovery measures were halted.

Subsequently, Hon’ble ITAT dismissed the stay petition, after discussing the issues on merits.

Against the said order, INC approached Hon’ble Delhi High Court, which dismissed the appeal of the assessee on 13.03.2024, with adverse remarks.

Everybody is talking about Ms Mahua Moitra sharing the credentials of her MP portal with Mr Hiranandani.

And it is alleged Mr Hiranandani used the credentials to frame the questions targeting Mr Adani & his cos.

But one of the important point is missed.

#Cash4Query Do the credentials just give you the access to ask questions ?

Sources say before posting questions OTP confirmation is needed, which obviously would have been given by Mahua.

But is the portal just to ask questions ?

#Cash4Query

Some pictures of Rahul Gandhi have surfaced from Uzbekistan.

As per the claims made by Supriya Galiwali Shrinate the female in the pic is wife of Rahul's friend Amitabh Dubey.



Now who is Amitabh Dubey ?

Son of Suman Dubey (again dynasty), a key functionary of Rajiv Gandhi Foundation which received donations from China, Zakir Naik etc etc

Amitabh is also an office bearer in cong.

Let's talk about a money laundering case listed by FATF as Case study ...

Thread ...

#ConArtScam Box 7
Case Study
Purchase Art with Illicit Proceeds and Use Art of No Value to Pay Kickbacks

Mr. A was managing director and CEO of an Indian bank who misused his position during his tenure. He sanctioned loans of the rupee equivalent of USD 628 million ..

#ConArtScam