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(Pi Bureau)
The Delhi High Court on Friday allowed the Income Tax to launch an investigation into Young Indian Private Limited in the National Herald case. The Gandhis are directors in the company. “You can’t be arrogant,” the bench said, adding that Young Indian Pvt Ltd must submit its tax documents.
Earlier, a Patiala House court had allowed an investigation in the case, which was then challenged in the Delhi High Court.
The case pertains to a private criminal complaint by BJP leader Subramanian Swamy, who has accused the Gandhis and others of conspiring to cheat and misappropriate funds by paying just Rs 50 lakh through which Young Indian Pvt Ltd (YI) obtained the right to recover Rs 90.25 crore which Associate Journals Limited (AJL) owed to the Congress. The Gandhis and other accused — Motilal Vora, Oscar Fernandes, Suman Dubey and Sam Pitroda — have denied the allegations levelled against them.
A bench of Justices S Muralidhar and Chander Shekhar asked the company to approach the Income Tax assessing officer, after which the firm withdrew its petition to stay the I-T proceedings. It is now likely to approach the Supreme Court.
Young Indian had approached the high court seeking a direction to stay the IT proceedings and quashing of notices against it with regard to the National Herald misappropriation of assets case.
The company was issued notices regarding the assessment year 2011-12.
The Gandhis have been accused of conspiring to “cheat and misappropriate funds” by paying just Rs 50 lakh through which Young Indian Pvt. Ltd obtained the right to recover Rs 90.25 crore which Associate Journals Ltd (AJL) owed to the Congress.
In the first official reaction from the Congress, party leader Randeep Singh Surjewala told “The Gandhi have the option of approaching the Supreme Court. The I-T (department) cannot open a one-sided investigation. Subramanian Swamy is not inchare of I-T.”
The party also refuted the charges in a series if tweets.
Here are the tweets :
‘Young Indian’ had raised certain fundamental jurisdictional issues challenging authority of IT dept. #NationalHerald
Being satisfied with it, Advocate for Young Indian @DrAMSinghvi has withdrawn the petition. #NationalHerald
Young Indian is a ‘not for profit’ company that only runs the @NH_India paper which contributed to India’s freedom struggle. #NationalHerald
Young Indian is a ‘not for profit’ company that only runs the @NH_India paper which contributed to India’s freedom struggle. #NationalHerald
And the fact is no one can withdraw salary, dividend or benefit from it in any manner, as per Companies Act. #NationalHerald
We’re proud to protect this imp symbol of freedom struggle. The witch hunt of the BJP will not deter us from our fight for Truth & Integrity
