I-T asks AAP to pay Rs 30 cr over donations it received

Source: The Hitavada      Date: 28 Nov 2017 08:54:26



THE Aam Aadmi Party was on Monday served a notice of Rs 30 crore by the Income Tax department over the donations received by it, a move Chief Minister Arvind Kejriwal dubbed as the “height of political vendetta”.
Income Tax Department sources said the notice was issued by the assessing officer under section 156 (notice of demand).

They said it was issued in the “normal course”, where ITRs are picked up for scrutiny by the assessing officer. “As the case was getting time barred, the notice was issued to the concerned assessee.

“Similar notices have been issued to other entities too. The notice of demand (to AAP) is for income arising from various sources including donations,” a senior official said.
Meanwhile, Kejriwal dubbed the notice as “bogus” and “vindictive”. AAP chief said, the party was being targeted by different government agencies and that it had maintained the record of every donation.

“The IT Department has declared the complete amount of donations we received as illegal and has put it under the category of taxable income although we have maintained the records of each paisa that we received from donors,” AAP Treasurer Deepak Bajpai told the media.
The I-T notice said the AAP had not disclosed income of Rs 13.16 crore and that its total taxable income calculated by it was Rs 68.44 crore for fiscal 2014-15 and 2015-16 and that the money received as donation in its bank was not recorded in the account books.

The notice also said that the AAP had not recorded full details of 461 donors who had given a total of Rs 6.26 crore, each donation amount exceeding Rs 20,000. Bajpai dismissed the charges, saying the party had been keeping and maintaining books of accounts and other documents (of contribution in excess of Rs 20,000) under Section 13A of Income Tax Act.

The Congress and BJP, however, asked the AAP to come clear on the issue and alleged that the party had failed to live up to its self-proclaimed standards of transparency and probity. Delhi Congress chief Ajay Maken said that it was strange that the AAP, which professed to do different politics when it was formed five years ago, has been issued a tax notice. He demanded that the Centre should hold a thorough probe into the funding of AAP following the I-T Department’s notice.

Delhi BJP President Manoj Tiwari said Kejriwal claimed that AAP was transparent in financial matters but since formation of the party its financial issues have been under suspicion.

“Instead of indulging in blame game, AAP should satisfy the law authorities on the notice served to them. It is time Arvind Kejriwal comes clear on the financial issues or he should be prepared for the party being written off by people,” Tiwari said.