government agencies,” he asked. He said the Congress is ‘proud to be associated with the newspaper which in the pre-independence era stood up for free speech when the Britishers were tightening and throttling free speech very similar to the present-day climate’. Singhvi said the National Herald stood up for certain ideals and the Congress fully supports with pride this initiative. On the IT case involving the newspaper, he said, nobody has benefited financially from it as it is registered as a Section 25 ‘Not for Profit’ company. The Act prohibits paying out dividend and giving ALL RIGHTS
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of pecuniary perks as it is a Section 25 Company and no financial gain is possible, he said. “Is it a real estate company, is a somebody's fertile imagination to think so? These are properties owned by this company for decades. And who can benefit, it will remain property of 'Not for Profit Section 25 Company’,” the Congress leader said. Explaining the case, he said the Income Tax authorities had sent out a notice in 2014 while reopening a six-year- old notice to the company owning the newspaper and claimed that it had no jurisdiction to reopen that after a six-year period.
Published on May 18, 2017