Strict Compliance Rule Reiterated: Section 13A Is Not Automatic Exemption

Public Political Party Vs DCIT (ITAT Delhi) Bogus Donations, No 13A Exemption: Delhi ITAT Taxes Political Party on 6% Commission, Section 68 Additions Set Aside The Delhi Bench ‘C’ of the ITAT, in a batch of 8 appeals filed by  delivered a significant ruling on taxability of political parties indulging in bogus donation arrangements. The case arose from a search u/s 132 conducted pursuant to a pan-India probe into Registered Unrecognised Political Parties (RUPPs). The AO denied exemption u/s 13A, treated donations as unexplained u/s 68, and relied on seized material, bank statements, and ...