I-T tribunal dismisses Cong appeal against Rs 210-cr penalty for discrepancies in past returns

The Income Tax Appellate Tribunal on Friday dismissed the Congress party’s appeal against imposition of penalty for discrepancies in tax returns for previous years and said it was exploring all legal options and will move the high court against it very soon.

Sources said the tribunal had dismissed the appeal of the Congress for imposition of penalties of Rs 210 crore by the Income Tax department here on Friday.

Congress treasurer Ajay Maken said the party is exploring all legal options and would move the high court “very soon”.