Major stakeholders in Young Indian Pvt Ltd Major stakeholders in Young Indian Pvt LtdIn a setback to the Congress in the National Herald case, the Delhi High Court Friday declined to stay Income Tax proceedings against Young Indian Pvt Ltd whose major stakeholders are party president Sonia Gandhi and vice president Rahul. Making it clear that tax proceedings in the case will continue, the bench of Justices S Muralidhar and Chander Shekhar said: “We are not inclined to entertain your writ petition. Young Indian (YI), which was incorporated in November 2010 with a capital of Rs 50 lakh, had acquired almost all the shareholding of the Associated Journal Ltd (AJL), which is the owner of the National Herald newspaper. YI had approached the High Court seeking a direction to stay the I-T proceedings and quashing of re-assessment notice issued against it with regard to the National Herald misappropriation of assets case. Soon after the High Court order, the Congress accused the Centre of spreading misinformation.

Source: Indian Express May 13, 2017 00:43 UTC