Income Tax Department has reportedly issued demand notice of ₹1,700 crore to Indian National Congress on Friday ahead of Lok Sabha Polls 2024, sources reported.
This development comes following the Delhi High Cout’s dismissal of the party’s petition contesting reassessment proceedings for four assessment years.
The fresh demand covers assessment years 2017-18 to 2020-21 and includes penalties and interest. The Congress is currently awaiting the reassessment of its income for three additional assessment years, with the deadline set for Sunday.
