Modi, his cronies, cannot change truth that YI is not-for-profit company: Congress

After the Income Tax Appellate Tribunal rejected Rahul Gandhi's plea to consider Young Indian (YI) as a charitable institution, the Congress on Saturday said that Prime Minister Narendra Modi and "his cronies" cannot change the "inalienable truth" that YI is a not-for-profit company.

Sonia Gandhi, Rahul Gandhi and others have been accused of paying just Rs 50 lakh through which YI obtained the ownership of the Associated Journals Limited (AJL), which owed Rs 90.25 crore to the Congress party.

In July last year, the Income Tax department asked the YI to pay tax of around Rs 145 crore.

Congress chief spokesperson Randeep Surjewala told reporters, "What is sub-judice need not be commented upon. It may look like a setback to certain news channels, but I can assure you that the majesty of law will prevail. The truth out in the open is that Young Indian is a not-for-profit company and neither Mr. Modi nor his cronies can change this inalienable truth."

The Congress has been accusing the Narendra Modi government of working for the benefit of a select few corporates of the country, and has dubbed it as the “suit-boot ki sarkar” (a government for the rich).