Section 69C Not Invokable: ITAT Mumbai Dismisses Revenue Appeal in Bogus 80GGC Case

ACIT Vs Bhavin Kumar Rameshkumar Jain (ITAT Mumbai) Section 69C Cannot Be Invoked When Source of Expenditure Is Explained: ITAT Mumbai Dismisses Revenue Appeal in Bogus 80GGC Case The Mumbai ITAT (“H” Bench – SMC) dismissed the Revenue’s appeal for AY 2019-20 and upheld deletion of an addition of ₹15,000 made under section 69C towards alleged commission paid for obtaining a bogus deduction under section 80GGC. Pursuant to a search on Rashtriya Samajwadi Party (Secular), the Investigation Wing unearthed a racket of providing accommodation entries for donations eligible under sections ...