The assessing officer had raised a tax demand of more than Rs 100 crore for the assessment year 2018-19 when the income was assessed to be more than Rs 199 crore.The counsel for the Congress had urged the court to grant it some protection otherwise the party would collapse.The I-T department’s counsel had informed the court that the original tax demand stood at Rs 102 crore and together with interest it rose to Rs 135.06 crore. He said Rs 65. 94 crore stands recovered now.The tribunal had dismissed the stay application saying, “we do not find that the recovery notice under Section 226(3) of the Act issued by the assessing officer on February 13, 2024 is lacking in bona fides, so as to require us to intervene.”The party had earlier said the I-T tribunal order freezing its funds was “an attack on democracy” as it had come just ahead of the Lok Sabha elections
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