Expressing disappointment over the Income Tax Appellate Tribunal’s (ITAT) dismissal of the Congress party’s appeal against imposition of penalty for discrepancies in tax returns for previous years, the party on Friday said it was exploring all legal options and will move the High Court very soon.
The ITAT had on Friday dismissed the appeal of the Congress against the imposition of penalties of ₹210 crore by the Income Tax (I-T) Department.
The party had moved the ITAT against the I-T Department’s penalty over discrepancies in filing tax returns for 2018-19 but did not get relief. “We are exploring all legal options and will move the High Court very soon. The BJP government has deliberately chosen the timing of this to coincide with national election,” Congress treasurer Ajay Maken told The Hindu.