Real estate company denies in HC links with Delhi Minister

A company, facing income tax proceedings for its alleged association with Delhi Minister Satyender Jain, today told the Delhi High Court that it did not have any link with the AAP leader.
A bench of Justices S Muralidhar and Chander Shekhar, however, refused to entertain the plea and asked the real- estate company to approach the assessing officer to raise the grievances.
The company, Akinchan Developers Pvt Ltd, in its plea had challenged an income tax notice of February issued to the firm for assessment years 2011-12 and 2012-13.
The IT department had refused to close the reassessment proceedings initiated against the company as it felt that Jain also had some role to play in it affairs, the plea, filed through advocate Saket Sikri, said.

The company had told the department that it had duly declared all its income and Jain had nothing to do with it.
Its directors had also paid tax amounting to Rs 3.72 crore, the petition had said.

However, the department had not agreed with the company and passed an order to attach its property.
In its petition, the company has sought quashing of the attachment order as well as the notice issued to it.
It has also sought setting aside of the proceedings initiated by the department.