Seeking a speedy trial in the National Herald case, Dr Subramanian Swamy has produced an IT order in court against the Sonia-Rahul Gandhi majority-owned company Young Indian.
Swamy said that an order from the IT department, has reportedly cancelled Young Indian's - a company whose majority owners are Sonia and Rahul Gandhi - tax exemption certificate and asked the company to pay tax on income gain of Rs 414 crore.
According to a report in Republic, the 105-page order contradicts the Congress’ claim that of giving a loan to Associated Journals Limited (AJL), the published of the National Herald newspaper. The same order says that transactions were made to take over Rs 2000 crore worth of land and buildings assets of AJL.
The case has been adjourned till 17th March, the court ordered the documents to be kept in a sealed cover till then.
The IT assessment order allegedly dated December 27 served to Young Indian cancels the tax exemption certificate issued to Young Indian and has asked the company to pay tax on income gain of Rs 414 crore.
According to rules, the fine can be anything between 100-300% of the concealed amount, along with criminal prosecution.In 2012, Swamy had filed a case against Sonia Gandhi, Rahul Gandhi, Congress treasurer Motilal Vora, party leaders Oscar Fernandes, Suman Dubey and Sam Pitroda.
Earlier in November last year, Congress president Rahul Gandhi an...