ITAT Upholds PCIT’s Revision on Bogus Political Donation Deduction (Sec. 80GGC)

Milind Pankajbhai Shroff Vs PCIT (ITAT Rajkot) This case involves an appeal filed by the assessee, Milind Pankajbhai Shroff, against the order of the Principal Commissioner of Income-tax (PCIT) under section 263 of the Income-tax Act, 1961 (the Act) for the assessment year (AY) 2018-19. The central issue is whether the original assessment order, passed under section 143(3), was erroneous and prejudicial to the interest of the Revenue because the Assessing Officer (AO) allegedly failed to properly inquire into the genuineness of deductions claimed by the assessee under Chapter VI-A for politica...