NEW DELHI: The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has upheld the penalty imposed by the income tax department on Young Indian, the company in which Congress president Rahul Gandhi and his sister Priyanka Vadra are directors.

Young Indian, launched in 2010, came into controversy and faced several challenges in courts soon after it acquired assets of Associated Journals Ltd, which owned newspaper brands like National Herald and Navjivan and had properties worth around Rs 500 crore.

Sources said Delhi ITAT upheld levy of penalty on Young Indian for for non-furnishing of information requisitioned by the income tax department.

The Young Indian (YI) had, however, argued that the information sought by the I-T department was identical to issues raised in the complaint filed by BJP Rajya Sabha MP Subramanian Swamy and the matter is presently pending before Delhi High Court .

