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- Jan 26, 2024
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The bank accounts of the Congress and its youth wing were temporarily frozen on Friday.
The Congress, the largest opposition party in India, claimed on Friday that its bank account had been frozen by the Income Tax Department on “flimsy grounds,” and described the move as a “severe blow to democracy.”
After the party later challenged the move, the Income Tax Appellate Tribunal granted it relief and activated the accounts until a final hearing next week, with one condition: The party has to ensure that 1.15 billion rupees ($13 million) is maintained in its bank accounts.
The Congress, India’s oldest party now in opposition to the ruling Bharatiya Janata Party (BJP) led by Prime Minister Narendra Modi, linked the clampdown to the upcoming national elections scheduled for May. It has experienced a series of setbacks recently with key leaders exiting the party, and some of them joining the rival BJP.
The Congress, the largest opposition party in India, claimed on Friday that its bank account had been frozen by the Income Tax Department on “flimsy grounds,” and described the move as a “severe blow to democracy.”
After the party later challenged the move, the Income Tax Appellate Tribunal granted it relief and activated the accounts until a final hearing next week, with one condition: The party has to ensure that 1.15 billion rupees ($13 million) is maintained in its bank accounts.
The Congress, India’s oldest party now in opposition to the ruling Bharatiya Janata Party (BJP) led by Prime Minister Narendra Modi, linked the clampdown to the upcoming national elections scheduled for May. It has experienced a series of setbacks recently with key leaders exiting the party, and some of them joining the rival BJP.
