Section 80GGC Political Donation: Penalty Upheld despite Deduction Withdrawal After Reopening

Gunmala Jain Vs ITO (ITAT Jaipur)

Penalty Upheld for Misreporting Where Deduction Withdrawn After Reopening; Withdrawal of Deduction After Reassessment Still Attracts Misreporting Penalty; Reassessed Income Higher Than Original Return Held to Be Underreporting; 200% Penalty Sustained for Misrepresentation in Political Donation Claim; Failure to Prove Bona Fide Donation Leads to Penalty for Misreporting.

The Jaipur Bench of the Income Tax Appellate Tribunal considered an appeal against the co

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