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Congress Faces Rs 1,700 Crore Tax Notice Post-Court Setback

Income Tax Department issues Rs 1,700 crore notice to Congress following Delhi High Court’s dismissal of party’s appeals against tax reassessment. Congress leader Vivek Tankha confirmed the development. The notice, covering assessment years 2017-18 and 2020-21, includes penalties and interest. Delhi High Court rejected Congress’ petitions challenging tax reassessment proceedings initiated by tax authorities for four years.

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