Section 263 Upheld for Inadequate Check on Political Donations

Vandanaben Rajbhai Parikh Vs PCIT (ITAT Ahmedabad) Section 263 Validly Invoked Where AO Failed to Properly Verify Bogus Political Donations u/s 80GGC The Ahmedabad Bench of the Income Tax Appellate Tribunal upheld the revisionary order passed by the Principal CIT under section 263 for AY 2020-21, holding that the assessment order was both erroneous and prejudicial to the interests of the Revenue. The Tribunal noted that the case was selected for limited scrutiny specifically to examine deductions under Chapter VI-A. Although the Assessing Officer called for general details and allowed deductio...