Gujarat Exclusive > National-World > Gandhis Claims Non-Profit on a Profit Making Firm; May Penalize to Pay 100 Crore

Gandhis Claims Non-Profit on a Profit Making Firm; May Penalize to Pay 100 Crore

0
251

A case of Rs 100 crore tax can be opened against the interim president of the Congress, Sonia Gandhi and former president Rahul Gandhi. The Income Tax Tribunal has rejected the plea of the Gandhi’s, which claimed that Young Indian is a non-profit entity. It may be noted that Sonia Gandhi is a director of Young Indian along with Rahul Gandhi, both of whom own 36 per cent shares each of the company.

On the other side Motilal Vora and Oscar Fernandez have 600 shares. In January this year, Income Tax Department had sent a notice to Sonia Gandhi and Rahul Gandhi asking them to pay tax of Rs 100 crore. According to the assessment of income tax, the return filed by the Gandhi family did not announce an income of Rs 300 crore, on which tax liability of about Rs 100 crore is made. Now the file of this case appears to be reopened. The Congress had told the Delhi HC in 2017 that Young Indian Private Limited was a non-profit company.