There is a lot to be said on merits,: Tushar
We are not a profit making organisation: Singhvi
SG Tushar Mehta submits written undertaking to SC
In a major relief for the Indian National Congress (INC), the Supreme Court took a written undertaking from Solicitor General Tushar Mehta appearing for the Government stating that no coercive action will be taken against the party with regard to the Income Tax notices amounting to Rs 3500 crore. “Issues which arise in these appeals are yet to be adjudicated upon. But having regard..department does not wish to precipitate matter inasmuch as the no coercive steps shall be taken by department over demand of 3500 crores. Needless to observe, the aforesaid demand of 3500 crores approx. is not strictly relatable to the controversy in these appeals and they touch upon other demands which arise as against the appellant herein,’ the bench consisting of Justice Nagarathna and AG Masih mentioned in its order.
Earlier, in what came as a surprise for Abhishek Singhv, the lawyer representing INC, Tushar Mehta affirmed that no action will be taken until the matter is being heard. Impugned judgement is of 2016. “Till matter is heard, we will not take recovery/coercive steps as elections are going on. Please have the matter in the second week of June. There is a demand of 3500 crores. There is a lot to be said on merits,” Tushar said.
Abhishek Singhvi highlighted that the INC is not a profit making organisation. “On March 27, 28, 29 there was a block assessment. The income tax authority has collected ₹ 135 crores by attachment of properties. We are not a profit making organisation, only a political party…135 crores already collected by attachment of properties,” Singhvi noted.
There is a lot to be said on merits,: Tushar
We are not a profit making organisation: Singhvi
SG Tushar Mehta submits written undertaking to SC
In a major relief for the Indian National Congress (INC), the Supreme Court took a written undertaking from Solicitor General Tushar Mehta appearing for the Government stating that no coercive action will be taken against the party with regard to the Income Tax notices amounting to Rs 3500 crore. “Issues which arise in these appeals are yet to be adjudicated upon. But having regard..department does not wish to precipitate matter inasmuch as the no coercive steps shall be taken by department over demand of 3500 crores. Needless to observe, the aforesaid demand of 3500 crores approx. is not strictly relatable to the controversy in these appeals and they touch upon other demands which arise as against the appellant herein,’ the bench consisting of Justice Nagarathna and AG Masih mentioned in its order.
Earlier, in what came as a surprise for Abhishek Singhv, the lawyer representing INC, Tushar Mehta affirmed that no action will be taken until the matter is being heard. Impugned judgement is of 2016. “Till matter is heard, we will not take recovery/coercive steps as elections are going on. Please have the matter in the second week of June. There is a demand of 3500 crores. There is a lot to be said on merits,” Tushar said.
Abhishek Singhvi highlighted that the INC is not a profit making organisation. “On March 27, 28, 29 there was a block assessment. The income tax authority has collected ₹ 135 crores by attachment of properties. We are not a profit making organisation, only a political party…135 crores already collected by attachment of properties,” Singhvi noted.
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