ITAT denied tax deduction u/s 80GGC for political party ...

Tax Deduction Denied: Political Party Donations Exposed as Systematic Financial Manipulation Scheme Under Section 80GGC

May 21, 2025

Case Laws Income Tax AT

ITAT denied tax deduction u/s 80GGC for political party donations after establishing systematic financial manipulation. The appellate tribunal found that the assessee's claimed donations were part of an elaborate scheme to legitimize illicit funds through layered bank account transfers. Specifically, funds were routed through multiple entities, ultimately returning as cash, which constituted a deliberate tax evasion strategy. With no substantive evidence presented to counter the Assessing Officer's detailed financial investigation, the tribunal conclusively rejected the assessee's grounds, dismissing the appeal and upholding the original tax assessment.

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ITAT denied tax deduction u/s 80GGC for political party ...

Tax Deduction Denied: Political Party Donations Exposed as Systematic Financial Manipulation Scheme Under Section 80GGC

May 21, 2025

Case Laws Income Tax AT

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