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National Herald case: Supreme Court allows Sonia, Rahul’s tax reassessment of 2011-12

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[vc_row][vc_column][vc_column_text]The Supreme Court today (Tuesday, Dec 4) gave the go-ahead to Income Tax (IT) department for the tax reassessment of Congress President Rahul Gandhi and his mother and UPA chairperson Sonia Gandhi for the year 2011-12 in a case related to the National Herald newspaper.

However, the Supreme Court bench headed by Justice AK Sikri restrained the department from implementing it during the pendency of their plea in the apex court. It ordered that the I-T team can take up reassessment only after the court hears Gandhis’ petition against the Delhi High Court judgment that had allowed the tax probe.

The court also said it is not expressing any opinion on the merits of pleas filed by the Gandhis. The next hearing in the matter is on January 8, 2018.

Rahul Gandhi, Sonia Gandhi and Congress leader Oscar Fernandes had petitioned against the reopening of their tax assessments related to Associated Journals Ltd (AJL), the publisher of National Herald newspaper.

The Delhi High Court had last month dismissed their petitions, clearing the way for the IT department to scrutinise records for the year 2011-12. The IT department has accused the Congress leaders of having “devised the scheme involving pre-ordinate artificial and fraudulent steps to take over AJL”.

The IT probe against the Congress leaders stems from an investigation into a complaint filed by BJP leader Subramanian Swamy before a court in connection with the National Herald case.

Solicitor General Tushar Mehta, appearing for the IT department, said the court should not restrain it from implementing the assessment orders against the Gandhis and others. He said the court should hear the matter and pass appropriate orders.

Swamy had alleged that Young Indian Pvt Ltd (YIL), which had Sonia and Rahul on its board of directors, had “taken over” the assets of the defunct print media outlet in a “malicious” manner to gain profit and assets worth over Rs 2,000 crore, said a report in The Indian Express (IE).

Apart from the Gandhis, Congress leader Motilal Vora, Oscar Fernandes, journalist Suman Dubey and technocrat Sam Pitroda were also named in the case.

All the accused have denied the allegations levelled against them in the case. On December 19, 2015, court granted bail to Sonia and Rahul Gandhi, Vora, Fernandes and Dubey, who had appeared before it pursuant to summonses. Pitroda was also granted bail on February 20, 2016 when he had appeared in the court.

In the earlier hearing, a bench Justices A K Sikri and S A Nazeer observed that the matter needs “consideration”. The court said it was only concerned with the notice for reassessment, and the rest of the matter could be raised before the assessing officer. “Since respondent (Income Tax department) has put in appearance, we are not issuing a formal notice. However, we are fixing the matter for final arguments on December 4,” the bench said.

The court said it was willing to give two options to the department – either issue a notice and in the meanwhile, an assessing officer can go ahead but the final order will not be given effect, or to hear the matter and decide finally.[/vc_column_text][/vc_column][/vc_row]

India News

Shashi Tharoor warns US tariffs on Iran could make Indian exports unviable

Shashi Tharoor has warned that cumulative US tariffs linked to Iran trade could rise to 75%, making most Indian exports to America commercially unviable.

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Shashi Tharoor

Congress MP and chairman of the Standing Committee on Foreign Affairs Shashi Tharoor has expressed serious concern over the United States’ latest tariff announcement targeting countries that continue to trade with Iran, warning that such measures could severely impact Indian exporters.

Reacting to the decision by US President Donald Trump to impose a 25% tariff on countries doing business with Iran, Tharoor said Indian companies would struggle to remain competitive if cumulative tariffs rise to 75%. He noted that India was already at a disadvantage compared to several regional competitors.

Tharoor said he had been troubled by the US tariff regime from the outset, pointing out that India was initially subjected to a 25% tariff while rival exporting nations in Southeast Asia were charged significantly lower rates. According to him, countries such as Vietnam, Thailand, Indonesia, Pakistan and Bangladesh faced tariffs ranging between 15% and 19% on labour-intensive goods exported to the US.

He explained that the situation had worsened with additional sanctions-linked duties. With the existing 25% tariff, another 25% related to Russia-linked sanctions, and a further 25% tied to Iran-related measures, the total burden could rise to 75%. At that level, Tharoor said, most Indian exports would no longer be commercially viable in the American market.

While noting that certain sectors such as pharmaceuticals may continue to export as they are not heavily impacted by sanctions, he warned that other key export categories would be hit hard. Tharoor described the situation as very serious and said it required urgent attention.

The Congress MP also expressed hope that the newly appointed US Ambassador could help facilitate progress on a bilateral trade agreement. He stressed that India could not afford to wait through the entire year for a deal and said an agreement should ideally be concluded in the first quarter of 2026.

Commenting on recent diplomatic engagements between India and the US, Tharoor underlined the need for faster consensus on trade issues. He said that at tariff levels as high as 75%, the idea of a meaningful trade deal loses relevance. According to him, a rate closer to what the UK enjoys with the US, around 15%, would reflect the respect due to a strategic partner.

Tharoor’s remarks come after President Trump announced that any country continuing business with Iran would face a 25% tariff on all trade with the United States, a move that has raised concerns among several trading partners.

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Indian Army symbolizes selfless service and duty, says PM Modi on Army Day

PM Narendra Modi on Army Day praised the Indian Army as a symbol of selfless service and unwavering duty, saluting the courage and sacrifice of its soldiers.

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pm modi speech

On the occasion of Army Day, Prime Minister Narendra Modi on Thursday paid tribute to the Indian Army, describing its soldiers as a symbol of selfless service who protect the nation with unwavering resolve, even in the most challenging circumstances.

In a message shared on social media platform X, the prime minister said the country salutes the courage and steadfast commitment of Indian Army personnel. He noted that their dedication to duty inspires confidence and gratitude among citizens across the country.

“Our soldiers stand as a symbol of selfless service, safeguarding the nation with steadfast resolve, at times under the most challenging conditions,” PM Modi said. He added that the nation remembers with deep respect those who have laid down their lives while serving the country.

Army Day is observed every year on January 15 to commemorate a historic moment in India’s military history. The day marks the appointment of Field Marshal K M Cariappa as the first Indian Commander-in-Chief of the Indian Army in 1949, when he took over from British officer General Sir F R R Bucher.

The occasion serves as a reminder of the Indian Army’s role in defending the country’s sovereignty and honour, as well as the sacrifices made by its personnel in the line of duty.

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Air India, IndiGo flights disrupted after Iran shuts airspace amid US tensions

International flights operated by Air India, IndiGo and SpiceJet were disrupted after Iran shut its airspace, forcing rerouting and cancellations.

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Air india flight

International flights operated by Air India, IndiGo and SpiceJet were disrupted on Thursday after Iran abruptly shut its airspace to commercial aircraft, triggering delays and cancellations on several long-haul routes.

Iran ordered the closure of its airspace without providing an official explanation, as tensions remain elevated between Tehran and Washington and protests continue across the country against Supreme Leader Ayatollah Ali Khamenei.

Indian airlines issue travel advisories

Air India said its flights overflying the region are now operating through alternative routes, resulting in longer flight times and possible delays. The airline also confirmed that some services have been cancelled where rerouting is not feasible.

“Due to the emerging situation in Iran and the subsequent closure of its airspace, Air India flights overflying the region are using alternate routing, which may lead to delays. Some flights are being cancelled where rerouting is currently not possible,” the airline said in a statement on social media.

Passengers were advised to check flight status before travelling to the airport, with the airline reiterating that passenger and crew safety remains its top priority.

IndiGo also acknowledged disruptions to its international network, describing the situation as a “sudden airspace closure” beyond the airline’s control. The carrier said it is working to assist affected passengers by offering alternative travel options.

Customers have been advised to use flexible rebooking options or claim refunds, depending on their preference.

SpiceJet issued a similar advisory, confirming that some of its flights have been impacted due to the closure of Iranian airspace.

Airspace shutdown linked to regional security concerns

According to official notices issued to pilots, Iran’s airspace closure is expected to remain in place until 7:30 am local time. The move comes amid heightened regional tensions and follows earlier shutdowns during military confrontations involving Israel earlier this year.

Aviation risk monitoring platforms have noted that several international airlines are already avoiding Iranian airspace, citing concerns over possible military activity, air defence operations and the risk of misidentification of civilian aircraft.

The situation continues to be monitored closely, with further disruptions possible if the airspace restrictions are extended.

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