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    Shiv Dixit in News

    22 Mar 07:30 AM


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    Armed with cash donation info, I-T to reassess Cong liability

    While tax authorities refused to give any assessment of the scale of demand that may be raised, they said the department was looking into the accounts of state units and other wings as they were all under the Indian National Congress umbrella. The party risks losing tax exemption available to political parties for seven years in case the reassessment concludes it received individual contributions exceeding Rs 20,000, the threshold set under the law, violation of which attracts punishment.