National Herald case: Sonia\, Rahul seek adjournment of appeals filed in SC

National Herald case: Sonia, Rahul seek adjournment of appeals filed in SC

ANI  |  Politics 

and on Friday sought the adjournment of appeals filed in the challenging the Income Tax department's decision to re-open tax assessment related to Herald and Young India transactions.

The top court has fixed April 23 as the date of next hearing in the case.

The had last year rejected the plea by the Gandhis challenging the I-T notice seeking tax reassessment for the financial year 2011-2012. The reassessment notice for 2011-2012 had been issued by the department in March 2018.

The I-T department had told the High Court that the All India Committee had transferred funds to the tune of Rs 99 crore to Associate Journal Ltd, adding that Rahul had willfully chosen to not disclose the fact that he held the director's post at Young India.

However, Rahul's asserted that the did not receive any income from the source, and hence is not liable for any tax.

Herald scam is an ongoing case filed in 2012 by against Sonia, Rahul, their companies and associates.

In November last year, Rahul and Sonia stated that the application filed by Swamy was not bonafide and that its sole objective was to delay proceedings in a "lifeless case.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 29 2019. 16:02 IST