Biggest setback for the Gandhi family, the Delhi High Court on Friday, cleared all decks for an Income Tax investigation into Young Indian Private Limited in which Congress chief Sonia Gandhi and party vice-president Rahul Gandhi are directors.
Dr.Subramanian Swamy, in a private criminal complaint filed before a trial court, had accused the Gandhis and others of conspiring to cheat and misappropriate funds by paying just Rs 50 lakh, through which YI had obtained the right to recover Rs 90.25 crore which the AJL owed to the Congress party.
YI had approached the High Court seeking a direction to stay the I-T proceedings and quashing of re-assessment notice issued against it with regard to the National Herald misappropriation of assets case. But Delhi high court on Friday declined to entertain a plea by Young Indian Pvt Ltd (YIL) challenging the Income Tax department notices served on the company, clearing the decks for an IT probe. @pgurus
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