‘Legal malice and perversity’ in IT order, says Singhvi
12 Nov 2014 7:13 AM IST
Caught in a controversy over the alleged evasion of income tax, Congress leader Abhishek Singhvi on Tuesday said that a Settlement Commission order in the matter suffers from ‘legal malice and perversity’.
‘The application of assessee was turned on its head by the Settlement Commission,’ a statement from Singhvi’s office said while noting that he had suo motu approached the Commission due to destruction of records.
According to reports, the Settlement Commission added over Rs 91.95 crore to Singhvi’s declared professional income over a three-year period and slapped a penalty of Rs 56.67 crore.
The order has since been stayed. Singhvi had moved the Commission on his own but a probe was launched subsequently.
‘The application of assessee was turned on its head by the Settlement Commission,’ a statement from Singhvi’s office said while noting that he had suo motu approached the Commission due to destruction of records.
According to reports, the Settlement Commission added over Rs 91.95 crore to Singhvi’s declared professional income over a three-year period and slapped a penalty of Rs 56.67 crore.
The order has since been stayed. Singhvi had moved the Commission on his own but a probe was launched subsequently.
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