Politics

National Herald Case: I-T Dept Asks Sonia, Rahul Gandhi To Pay Rs. 414 Cr

Written By Natasha Patidar | Mumbai | Published:

Hack:

  • Seeking a speedy trial in the National Herald Case, Dr. Subramanian Swamy on Saturday has produced an Income Tax Assessment Order against the Sonia-Rahul Gandhi majority-owned company Young Indian.
  • Republic TV has accessed this explosive order which names Rahul Gandhi, Sonia Gandhi and also Priyanka Gandhi-Vadra as part of dubious transactions.

Seeking a speedy trial in the National Herald Case, Dr. Subramanian Swamy on Saturday has produced an Income Tax Assessment Order against the Sonia-Rahul Gandhi majority-owned company Young Indian.

Republic TV has exclusively accessed this explosive order which names Rahul Gandhi, Sonia Gandhi and also Priyanka Gandhi-Vadra as part of dubious transactions in the National Herald Case.

Relevant portions of the order state:

  • The scheme was put into operation by incorporating the assessee company on 23.11.2010 (by Mrs. Sonia Gandhi, Mr. Rahul Gandhi, Mr. Motilal Vora, and Mr. Oscar Fernandes.
  • The scheme has included a fraudulent transaction involving the purchase of a non-existent loan of Rs. 90.21 crore by AICC to AJL for a paltry sum of Rs 50 lakhs by the assessee company.

The 105 page order contradicts the Congress party’s claim of giving Rs.90 crore loan to Associated Journals Limited (AJL), the publisher of the National Herald newspaper. The order adds that the transaction was made to take over Rs. 2000 crore worth of land and buildings assets of AJL.

An Income Tax Assessment Order dated Dec 27, served to Young Indian cancels the tax exemption certificate issued to Young Indian and declares that the company should pay tax for the concealed income gain of Rs.414 crore.

While talking to the media, Dr. Swamy has said, "The copy was sent to me because I was the respondent. I was surprised that the documents that Sonia Gandhi has filed herself are the same documents given by me. How can they deny those documents?"

As per IT Rules, the fine for concealing income ranges between 100% to 300% of the concealed amount, as well as criminal prosecution.

The newspaper gained limelight after Bharatiya Janata Party (BJP) leader Dr. Subramanian Swamy filed a case in 2012 against Sonia Gandhi, Rahul Gandhi, Congress treasurer Motilal Vora, party leaders Oscar Fernandes, Suman Dubey and Sam Pitroda.

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