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Rs 100 Crore Income Tax Notice to Sonia, Rahul in Associated Journals Ltd Case: Report

Agencies
January 9, 2019

New Delhi, Jan 9: Congress president Rahul Gandhi and his mother Sonia had 'escaped' incomes of Rs 300 crore in 2011-12 and their tax liability is around Rs 100 crore, according to an income tax (IT) order passed after reassessing the Congress leaders' incomes relating to Associated Journals Ltd. Rahul Gandhi and Sonia had 'escaped' of Rs 155.41 crore and Rs 154.96 crore respectively, said the order.

The IT department passed the assessment order against Rahul, Sonia and Oscar Fernandes on December 31 after reassessing their income for the year 2011-12. The department on Monday informed the Supreme Court that the assessment order has been passed but not being given effect. The top court allowed the assessment order to be placed on record but said that it would not form any opinion on the merits of the case on its basis.

A bench of Justices AK Sikri, S Abdul Nazeer and MR Shah also asked Sonia Gandhi and Rahul Gandhi to file an affidavit and place on record in four weeks a CBDT circular which was issued on December 31, 2018, to clarify about taxes on valuations, but was recalled on January 4. The court asked the Income Tax department to file its reply to the affidavit and the circular to be filed by the Congress leaders within a week thereafter.

The Gandhis and senior Congress leader Oscar Fernandes have challenged the Delhi High Court's September 10 verdict which dismissed their plea against the re-assessment of their tax for 2011-12. The Income Tax probe against the Congress leaders has arisen from the investigation into a private criminal complaint filed by BJP leader Subramanian Swamy before a trial court here in connection with the National Herald case.

According to the IT department, Rahul Gandhi has shares in Young India which would lead him to have an income of Rs 154 crore in 2011-12. However, the Congress chief had filed a return of income declaring Rs 68.12 lakh for the assessment year.

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News Network
January 27,2020

New Delhi, Jan 27: The government on Monday issued the preliminary information memorandum for 100 per cent stake sale in national carrier Air India. As part of the strategic disinvestment, Air India would also sell 100 per cent stake in low cost airline Air India Express and 50 per cent shareholding in joint venture AISATS, as per the bid document issued on Monday.

Management control of the airline would also be transferred to the successful bidder.

The government has set March 17 as the deadline for submitting the Expression of Interest (EoI).

EY is the transaction adviser for Air India disinvestment process.

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Agencies
August 2,2020

New Delhi, Aug 2: India's COVID-19 tally crossed the 17 lakh mark with 54,736 positive cases and 853 deaths reported in the last 24 hours.

"The total COVID-19 cases stand at 17,50,724 including 5,67,730 active cases, 11,45,630 cured/discharged/migrated and 37,364 deaths," said the Union Health and Family Welfare Ministry.

As per the data provided by the Health Ministry, Maharashtra -- the worst affected state from the infection -- has a total of 1,49,214 active cases and 15,316 deaths. A total of 4,31,719 coronavirus cases have been recorded in the state up to Saturday, as per the state health department.

Tamil Nadu has a total of 60,580 active cases and 4,034 deaths.

In Delhi, the total cases rose to 1,36,716, including 1,22,131 recovered/discharged/migrated cases and 3,989 deaths. There are 10,596 active cases in the national capital.

The total number of COVID-19 samples tested up to August 1 is 1,98,21,831 including 4,63,172 samples tested yesterday, said the Indian Council of Medical Research (ICMR) on Sunday.

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News Network
July 18,2020

Washington, Jul 18: The government of India has agreed to allow US air carriers to resume passenger services in the US-India market starting July 23, the US Transportation Department said on Friday.

The Indian government, citing the coronavirus, had banned all scheduled services, prompting the US Transportation Department in June to accuse India of engaging in "unfair and discriminatory practices" on charter air carriers serving India.

The Transportation Department said it was withdrawing an order it had issued requiring Indian air carriers to apply for authorization prior to conducting charter flights, and said it had approved an Air India application for passenger charter flights between the United States and India.

A group representing major US airlines and the Indian Embassy in Washington did not immediately comment on Friday.

India's Ministry of Civil Aviation said on Twitter it was moving to "further expand our international civil aviation operations" and arrangements from some flights "with US, UAE, France & Germany are being put in place while similar arrangements are also being worked out with several other countries."

"Under this arrangement," it added, "airlines from the concerned countries will be able to operate flights from & to India along with Indian carriers."

The US Transportation Department order was set to take effect next week. The Trump administration said in June it wanted "to restore a level playing field for US airlines" under the US-India Air Transport Agreement. The Indian government had banned all scheduled services and failed to approve US carriers for charter operations, it added.

The US government said in June that Air India had been operating "repatriation" charter flights between India and the United States in both directions since May 7.

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