Income Tax : Income Tax authorities are increasingly reopening assessments involving political donation deductions claimed under Section 80GGC....
Income Tax : This examines why deductions under section 80GGC are being questioned in assessments. The key takeaway is that compliance with sta...
Income Tax : The issue concerned whether deductions under section 80GGC could be denied solely on investigation inputs alleging accommodation e...
Income Tax : India's Income Tax Department initiates nationwide verification against bogus deduction and exemption claims, warning taxpayers of...
Income Tax : This article explores the legal framework, relevant case law, a positive judgment, the pros and cons of Sections 80GGB & 80GGC ded...
Income Tax : ITAT Ahmedabad upheld disallowance of Section 80GGC deduction, holding the Revenue's investigation established the donation formed...
Income Tax : The ITAT Mumbai held that reassessment proceedings initiated on the basis of information arising from a search in the case of a th...
Income Tax : The Tribunal upheld the disallowance of a ₹10 lakh deduction after the recipient political party informed the tax authorities th...
Income Tax : The Tribunal upheld the denial of deduction under Section 80GGC after finding that the political donation formed part of an allege...
Income Tax : ITAT held that proving the mode of payment is not enough to secure deduction for political contributions where evidence points to ...
The issue concerned whether deductions under section 80GGC could be denied solely on investigation inputs alleging accommodation entries. It was held that such information is only a trigger for enquiry, not conclusive proof. The key takeaway is that disallowance requires assessee-specific evidence and compliance with natural justice.
The ITAT held that the AO’s allowance of an 80G deduction without examining the background of M/s. Aadhar Foundation was erroneous. The decision reinforces that Explanation-2 to Section 263 requires verification when there is material indicating possible bogus donations.
The tribunal ruled that funds donated to certain political parties were routed back to the donor, lacking genuineness. Deductions under Section 80GGC were disallowed as a result.
The Tribunal held that a reopening made after three years is void when approval is granted by the PCIT instead of the PCCIT/CCIT. The entire reassessment and related disallowance were struck down.
ITAT Rajkot’s ruling in Milind Pankajbhai Shroff vs. PCIT confirms the Principal Commissioner’s authority under Section 263 to revise an assessment where the AO failed to inquire into a ₹30 Lakh deduction claimed for bogus political donations,
ITAT Ahmedabad quashed the PCIT’s Section 263 revision setting aside an assessment, holding AO’s enquiry into an Section 80GGC political donation was plausible and adequate.
India’s Income Tax Department initiates nationwide verification against bogus deduction and exemption claims, warning taxpayers of penalties and prosecution.
This article explores the legal framework, relevant case law, a positive judgment, the pros and cons of Sections 80GGB & 80GGC deductions for Political Conations
Understand tax benefits under Sections 80GGB & 80GGC for political donations, eligibility rules, compliance needs, and recent legal developments.
Received an IT notice on political donations? Understand why, what to do, and avoid penalties. Expert advice to respond effectively.
