ITAT Rajkot Limits Political Donation Disallowance to 10% of Alleged On-Money

Chirag Bhikhabhai Patel Vs DCIT (ITAT Rajkot) Political Donation Disallowance Scaled Down: ITAT Rajkot Taxes Only 10% of Alleged On-Money The Income Tax Appellate Tribunal partly allowed the assessee’s appeal for AY 2019-20, substantially reducing an addition arising from disallowance of deduction claimed under section 80GGC for a political donation. The Assessing Officer had reopened the assessment based on Investigation Wing inputs alleging that donations to a Registered Unrecognised Political Party (RUPP) were accommodation entries, and consequently disallowed ₹4,00,000 claimed as deduc...