Tag: Income Tax Department

  • Modi Ki Guarantee: BJP campaigning through ‘illegal money’, this is ‘Modi Ki Guarantee’: Kapil Sibal

    Rajya Sabha MP Kapil Sibal on Saturday hit out at the BJP-led government over the electoral bonds issue, alleging the ‘Modi Ki Guarantee’ is that the BJP does campaigning with “illegal money” raised through the scheme while the probe agencies “sleep”. Sibal, a senior advocate who is leading the arguments for the petitioners in a case in the Supreme Court against electoral bonds, claimed at a press conference here that 33 loss-making firms donated electoral bonds worth about Rs 581 crore with Rs 434 crore going to the BJP.

    He said the Supreme Court’s verdict on electoral bonds has made it clear that the money the BJP and other parties had was illegal.

    “If this money in the hands of the BJP is illegal, I want to ask the BJP did you get any Income Tax notice? I want to ask the Income Tax Department – did you send any notice to BJP? I want to ask the ED – did you conduct any raid?” Sibal said. “You have frozen the account of the Congress party, but you (BJP) got about Rs 6,655 crore, were your accounts frozen?” he added.

    Escalating his attack on the BJP, Sibal said, “You did not do it. Neither the IT department sent notice nor ED raids were carried out and the CBI also did not register an FIR.”

    “So on one hand the Congress’ accounts are frozen, but since the ED, CBI and IT department are yours (BJP’s), you don’t get any notice or face raids,” he added. The Congress leader claimed that 33 loss-making firms donated electoral bonds worth Rs 582 crore with 434 crore going to the BJP. The IT department knows it so there should be raids. The ED should have reached there and the CBI should have registered an FIR but nothing happened, he said.

    Sibal also claimed that Rs 2,717 crore was donated through electoral bonds by firms whose capital was lower than its donations.

    “The BJP is also safe, companies are also safe. The ED, IT department and CBI are sleeping and the BJP is doing campaigning with that money, this is ‘Modi ki Guarantee’,” Sibal said.

    “The guarantee is that no action will be taken as the ED, CBI and ED is theirs,” he added.

    Sibal also questioned RSS chief Mohan Bhagwat and asked why is he silent on the issue.

    “I also want to ask (RSS chief) Mohan Bhagwat ji, you say that you are not in politics at all, you think about the country but since this decision on electoral bonds has come, Mohan Bhagwat ji did not say anything, he is also silent. He should say that the decision of Modi’s government was wrong,” he said.

    On February 15, a five-judge Constitution bench scrapped the Centre’s electoral bonds scheme of anonymous political funding, calling it “unconstitutional” and ordering disclosure by the Election Commission of the donors, the amount donated by them and the recipients by March 13.

    Subsequently, the electoral bands has been made public.

    The SBI has said that a total of 22,217 electoral bonds of varying denominations were purchased by donors between April 1, 2019, and February 15 this year, out of which 22,030 were redeemed by the political parties.

  • 2024 Lok Sabha elections: ‘BJP needs to pay Rs 4600 crore in tax if I-T examines them’: Congress after getting 1823 cr notice – The Economic Times Video

    Congress treasurer Ajay Maken claimed that BJP will have to pay Rs 4600 crore penalty if the I-T dept examines the ruling party’s financials. This comes after the Income Tax department issued a notice of Rs 1,823.08 crore to Congress, exacerbating the grand old party’s financial concerns. Maken called the I-T notice a premeditated, diabolical campaign against Congress ahead of the crucial 2024 Lok Sabha elections. The Congress top brass also slammed the I-T department for ‘inactions’ against the ruling party and targeting the opposition. Watch!

  • BRS leader K Kavitha taken into custody, say reports

    Bharat Rashtra Samiti (BRS) MLC K Kavitha was taken into custody on Friday evening. The development came hours after Income Tax Department (I-T) and Enforcement Directorate (ED) officials conducted searches at her Hyderabad residence, according to media reports. Earlier on Friday, at least 10 officers from both agencies from New Delhi had conducted searches in the presence of Kavitha and her husband D Anil Kumar.

    It was not clear if the action is linked to the now-scrapped Delhi excise policy linked case of the central agency in which the ED has questioned the BRS MLC and daughter of former Telangana chief minister Chandrashekar Rao, PTI reported citing official sources.

    The ED had claimed Kavitha was linked to a “South Group” lobby of liquor traders who were trying to play a larger role under the now scrapped Delhi excise policy for 2021-22.Reacting to the searches, BRS spokesperson Sravan Dasoju alleged that the raids were politically motivated and both BJP and Congress are hand-in-glove to harass leaders of the K Chandrasekhar Rao-led party.

    “Wherever ( Prime Minister Narendra) Modi goes ED and IT ( Income Tax) either precedes or succeeds. That is what is happening in Telangana. They want to create a panic situation in the BRS. The ED and IT which are working at the behest of BJP are not bothered about the Congress leaders of Telangana who have illegally obtained so much wealth,” the BRS leader told PTI.

    Sravan sought to know why the BJP is “tightlipped” on the cases against Telangana Chief Minister Revanth Reddy.“We believe in Satyameva Jayate. Let the truth prevail. We are not saying that IT and ED should not do their jobs, but the selectiveness is vindictiveness. Just before the elections, they are trying to do this mudslinging to dent the image of the BRS,” he added.The Enforcement Directorate has alleged that one of the accused in the case, Vijay Nair, received kickbacks to the tune of at least Rs 100 crore from the “South Group” (allegedly controlled by Sarath Reddy, Kavitha and Magunta Srinivasulu Reddy) on behalf of leaders of the AAP.

    (With inputs from PTI)