Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
Customs jurisdiction over EPCG condition breaches survives export-obligation discharge certificates, requiring alleged fraud and misdeclaration to be ...
Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
ITAT held that a deduction claimed for political donations under section 80GGC was not allowable where the donation, though made by cheque, was routed through bank accounts in a manner indicating accommodation entry transactions. Following its earlier co-ordinate Bench ruling on identical facts, the Tribunal accepted the Revenue's contention that the assessee's claim could not be sustained and restored the disallowance deleted by the lower authority. The Revenue's appeal was allowed on that basis.
ITAT held that a deduction claimed for political donations under section 80GGC was not allowable where the donation, though made by cheque, was routed through bank accounts in a manner indicating accommodation entry transactions. Following its earlier co-ordinate Bench ruling on identical facts, the Tribunal accepted the Revenue's contention that the assessee's claim could not be sustained and restored the disallowance deleted by the lower authority. The Revenue's appeal was allowed on that basis.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
