According to the ADR report, the TMC, which was founded in 1998 by Mamata Banerjee, had an income of Rs 69 lakh in 2007-08. In 2010-11 financial year, that amount leaped to Rs 6.16 crore.
The CPI(M), on the other hand, had shown its income as Rs 58.7 crore in 2007-08 which had increased to Rs 73.28 crore within two years. But in the 2010-11, it could manage to increase its income by just around Rs 1.39 crore. According to various quarters, the CPI(M)'s income got reduced particularly after it lost power in Bengal and Kerala and several of its supporters deserted the party.
The ADR has also said that there was considerable reluctance among parties to reveal their income even though they are supposed to submit their reports to the Election Commission and I-T department, the report said. It added that as many as 18 regional parties in the country, including the TMC, do not submit any information to the Election Commission. The TMC often speaks against corruption, but then why it doesn't bother to follow the procedure in revealing its income-expenditure report, many have asked.