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I-T dept has withdrawn Rs 65 cr from banks 'undemocratically', alleges Cong

By Business Standard - 9 months ago
The Congress on Wednesday alleged that the Income Tax department has "withdrawn" a sum of Rs 65 crore from its accounts in different banks "undemocratically" even when the case pertaining to their return for previous years is sub judice. Party treasurer Ajay Maken has claimed that "democracy will be over if the action of probe agencies goes unchecked" and said the Congress has full faith in the judiciary. "The Income Tax department had written to various banks to withdraw a sum of Rs 65 crore from different bank accounts of the Congress and Indian Youth Congress in view of the demand raised by the Income Tax authorities earlier, despite the appellate authorities hearing the case," Maken told PTI. He said even when the Income Tax Appellate Tribunal, which the Congress had moved against the Income Tax department's claim of Rs 210 crore as recovery for "discrepancies" in previous tax returns has been stayed and a lien has been marked, the tax authorities have resorted to "undemocratic

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