23 January 2021 06:01 am

SC dismisses plea of firm linked to Robert Vadra

- Posted on 06 April 2018

New Delhi, April 6 (IANS) The Supreme Court on Friday dismissed a plea filed against the re-assessment notice issued by the Income Tax Department to a Delhi-based hospitality firm linked to Congress President Rahul Gandhi’s brother-in-law Robert Vadra.

A bench of Justice A.K. Sikri and Justice Ashok Bhushan refused to interfere with the Delhi High Court’s order which had asked the firm, Sky Light Hospitality LLP, to join proceedings before the assessing officer.
Earlier in February the High Court had rejected the firm’s plea challenging the Income Tax notice for re-assessment of its profits from land deals in Haryana and Rajasthan for the years 2010-11.
The firm had later moved the apex court.
The Income Tax Department, in a tax evasion report filed before the High Court, had said it had reason to believe that over Rs 35 crore, earned by the firm in 2010-11, had escaped from assessment.
The High Court in its February 17 order while asking the firm to join proceedings took note of the tax evasion report and said: “After going through the reasons, we are satisfied that the ‘reasons to believe’ show and establish a live link and connect with the inference drawn that income had escaped assessment, which is required for issuance of notice.”
The firm had argued that the ‘reasons to believe’ were mere reasons to suspect and do not establish that income had escaped assessment.

Read more

Punjabupdate is the free media platform established with a view to uphold what the fourth estate stands for without making any tall claims. Our practice so far has been to be non-conformist rather than flowing with the tide. We know this is not the easy path but then it has always been so. It is credibility and independence that are dear to us and epitomise our core values. We will question what is wrong and espouse what we feel is the right cause, at the same time fully conscious that both are relative terms but we will go by the interpretations are rooted in the collective consciousness of the people. At the same time, we will not stake any claim to be moralists as that can the most difficult test to pass and we admit it.
Copyright 2020 © punjabupdate.com