Herald case: Delhi HC asks firm to deposit Rs 10 crores

New Delhi: The Delhi high court on Monday directed Young Indian Pvt Ltd, in which Congress president Rahul Gandhi and his mother Sonia Gandhi are major stakeholders, to deposit Rs 10 crore in the Rs 249.15 crore income tax proceedings against it.

A two-judge bench of Justices S. Ravindra Bhat and A.K. Chawla directed the company — earlier summoned along with Mrs Gandhi and Mr Rahul Gandhi as an accused by a trial court in the National Herald misappropriation of assets case — to deposit half the amount with the Income Tax department before March 31 and the remaining by April 15. The high court said subject to deposit of the amount, the tax authorities shall not enforce the demand of Rs 249.15 crore made on the company for the assessment year 2011-12.