I-T dept slaps Rs 100 crore tax notice on Rahul, Sonia over AJL income

[rrc_2015]

NEW DELHI: Congress leaders 

Sonia Gandhi

 and 

Rahul Gandhi

 had “escaped” incomes — over what was declared and assessed — in 2011-12 of Rs 155.41 crore and Rs 154.96 crore respectively, according to an 

income tax

 order passed after reassessing their incomes relating to Associated Journals Ltd.

 

Rahul Gandhi had filed a return of income declaring Rs. 68.12 lakh for the assessment year. Also as per the reassessment order, income of Congress leader Oscar Fernandes has been found to be Rs 48.93 crore, according to sources in I-T department.

 

In the Supreme Court, which is hearing appeal of Congress leaders against re-opening of their tax assessment, former finance minister P Chidambaram, appearing for Sonia Gandhi, said that a tax liability of Rs 44 crore against her had been erroneously imposed after reassessing her income. He said that assessing officers of the department had without application of mind came to the conclusion that Rs 141 crore of her income relating to AJL “escaped” as she did not declare it in filing her return. Rahul Gandhi is also facing liability of similar amount.

 

As per the I-T reassessment order more than Rs 300 crore Gandhis income “escaped” and the their tax liability is around Rs 100 crore.

[Naidibaba]

3 minutes ago, rrc_2015 said:

NEW DELHI: Congress leaders 

Sonia Gandhi

 and 

Rahul Gandhi

 had “escaped” incomes — over what was declared and assessed — in 2011-12 of Rs 155.41 crore and Rs 154.96 crore respectively, according to an 

income tax

 order passed after reassessing their incomes relating to Associated Journals Ltd.

 

Rahul Gandhi had filed a return of income declaring Rs. 68.12 lakh for the assessment year. Also as per the reassessment order, income of Congress leader Oscar Fernandes has been found to be Rs 48.93 crore, according to sources in I-T department.

 

In the Supreme Court, which is hearing appeal of Congress leaders against re-opening of their tax assessment, former finance minister P Chidambaram, appearing for Sonia Gandhi, said that a tax liability of Rs 44 crore against her had been erroneously imposed after reassessing her income. He said that assessing officers of the department had without application of mind came to the conclusion that Rs 141 crore of her income relating to AJL “escaped” as she did not declare it in filing her return. Rahul Gandhi is also facing liability of similar amount.

 

As per the I-T reassessment order more than Rs 300 crore Gandhis income “escaped” and the their tax liability is around Rs 100 crore.

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