Freeze On Congress Accounts

The Congress lost income tax exemption in 2018-19 due to extensive use of cash in the electoral process, sources said, justifying that Rs 135 crore tax recovery from the party was consistent with the provisions of the Income Tax Act.

Freezing Congress's bank accounts at the time of elections is a violation of the model code of conduct and unconstitutional, and the poll panel should prevent such a move to save democracy, party leader Sachin Pilot said on Thursday.

The Congress - battling an "unprecedented" demand of Rs 210 crore from the Income Tax Department weeks before the general election - has accused the Narendra Modi government of "financial terrorism".

The Congress on Wednesday claimed the Income Tax Department had withdrawn Rs 65 crore from three of its accounts - towards a "unprecedented" tax demand of Rs 210 crore - despite the claim currently being heard by a tribunal.

The Congress on Tuesday asked the government to break its silence over the National Securities Depository Ltd (NSDL) freezing the accounts of three foreign investor funds holding a sizeable stake in Adani Group companies and come out with the truth.

The Trump administration said late on Friday it was issuing final rules to suspend a 2016 Obama administration regulation that more than doubled penalties for automakers failing to meet fuel efficiency requirements. Congress in 2015 ordered federal agencies to adjust a wide range of civil penalties to account for inflation and, in response, the Nat...

The Congress lost income tax exemption in 2018-19 due to extensive use of cash in the electoral process, sources said, justifying that Rs 135 crore tax recovery from the party was consistent with the provisions of the Income Tax Act.

Freezing Congress's bank accounts at the time of elections is a violation of the model code of conduct and unconstitutional, and the poll panel should prevent such a move to save democracy, party leader Sachin Pilot said on Thursday.

The Congress - battling an "unprecedented" demand of Rs 210 crore from the Income Tax Department weeks before the general election - has accused the Narendra Modi government of "financial terrorism".

The Congress on Wednesday claimed the Income Tax Department had withdrawn Rs 65 crore from three of its accounts - towards a "unprecedented" tax demand of Rs 210 crore - despite the claim currently being heard by a tribunal.

The Congress on Tuesday asked the government to break its silence over the National Securities Depository Ltd (NSDL) freezing the accounts of three foreign investor funds holding a sizeable stake in Adani Group companies and come out with the truth.

The Trump administration said late on Friday it was issuing final rules to suspend a 2016 Obama administration regulation that more than doubled penalties for automakers failing to meet fuel efficiency requirements. Congress in 2015 ordered federal agencies to adjust a wide range of civil penalties to account for inflation and, in response, the Nat...