Case Law Details
Case Name : Indian National Congress All India Congress Committee Vs DCIT (ITAT Delhi)
Related Assessment Year : 2018-19
Courts :
All ITAT ITAT Delhi
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Indian National Congress All India Congress Committee Vs DCIT (ITAT Delhi)
ITAT Delhi held that in order to claim exemption under Section 13A of the Income Tax Act by the political party it is necessary to furnish return of income by the ‘due date’ as per Section 139 of the Income Tax Act.
Facts- The Applicant is a Political Party registered u/s. 29A of the Representation of the People Act, 1951. AO completed an assessment u/s. 143(3) of the Income-tax Act, 1961 at an income of Rs.1,99,15,26,560/-, as against Nil income declared by the assessee. The difference between the returned and ...
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Author Bio
superbly discussed.