Sonia Gandhi moves Delhi High Court challenging Income Tax assessment, details of P. Chidambaram's in-court arguments here

Update at 12:15 PM: Ready to file original records before Court for ir perusal: ASG Tushar Mehta, representing IT department 

Update at 12:07 PM: re is bias against Sonia Gandhi, Rahul Gandhi and Oscar Fernandes: P. Chidambaram

Update at 12:03 PM: IT department has calculated taxes using a wrong formula: argues P. Chidambaram

Update at 12:00 PM: Young India has t given even a single rupee to any shareholder: argues P. Chidambaram

Update at 12:00 PM: Young India is a charitable company and cant pay any monetary value to its shareholders: P. Chidambaram argues for Sonia Gandhi

Update at 12:00 PM: Congress Tax file hearing begins in Delhi High Court

Congress president Rahul Gandhi on Tuesday appeared in Delhi High Court after I-T department accused Rahul Gandhi of concealing income in years 2011-2012 by t disclosing that he was a director in Young Indian Private Limited (YIL).

Earlier, Former Congress President Sonia Gandhi and party leader Oscar Fernandes moved Delhi High Court challenging reopening of ir assessments by Income-tax Department regarding Young Indian-National Herald transactions.

In a super exclusive newsbreak, Republic TV has accessed 463-p- report - Rahul Gandhi tax file. tax file has made a stunning revelation that Income Tax department sent a tice to Rahul Gandhi for tax evasion in years 2011-2012.

tax file reveals that Rahul Gandhi had hidden from Income-Tax department that he was a Director in Young India, which is main company involved in ‘National Herald case’.  Since Rahul Gandhi had allegedly hidden facts from I-T department, a whopping amount of Rs 154.97 crore couldn't be assessed by I-T department. tax file also reveals that along with being Director, he was also direct beneficiary of funds directed at ‘Young India’.

amount of Rs 154.97 crore is said to be obtained by Rahul Gandhi by buying shares of ‘Young India’ at a lesser price than fair market value of shares.

w, in 2018 when this fact surfaced, Income-Tax department decided to go ahead and reopen Congress President’s assessment of Income Tax dating back to years 2011 and 2012.