Young Indian asked to deposit Rs 10 cr in IT case

Delhi High Court today directed Young Indian Private Limited, in which Congress President Rahul Gandhi and his mother Sonia Gandhi are major stakeholders, to deposit 10 crore rupees in the over 249 crore rupees income tax proceedings against it.

The court directed the company, earlier summoned as an accused by a trial court in the National Herald misappropriation case, to deposit half the amount with the Income Tax department before the 31st of this month and the remaining by 15th of next month.

The court also sought the IT department’s response to the company’s plea challenging the demand and the proceedings emanating from it and listed the matter for further hearing on the 24th of next month.

The IT department’s move followed its probe on a complaint alleging that the Gandhis had misappropriated the assets of Associated Journal Limited, which is the owner of the National Herald newspaper while transferring their shares to the newly formed Young Indian.

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