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...
Political contribution deductions under section 80GGC require proof of genuine payment, not merely banking-channel evidence and a receipt. The article explains that tax authorities may assess transactions through surrounding circumstances, human probabilities and the preponderance of probabilities where investigation material casts doubt on the recipient political party or contribution. Once the Revenue produces cogent circumstances suggesting accommodation entries, the taxpayer must substantiate the contribution, nexus with the party and reason for the payment. It further notes that denial of cross-examination does not necessarily breach natural justice where the taxpayer knew the allegations, had an opportunity to respond, and the conclusion rests on cumulative evidence rather than a single statement.
Political contribution deductions under section 80GGC require proof of genuine payment, not merely banking-channel evidence and a receipt. The article explains that tax authorities may assess transactions through surrounding circumstances, human probabilities and the preponderance of probabilities where investigation material casts doubt on the recipient political party or contribution. Once the Revenue produces cogent circumstances suggesting accommodation entries, the taxpayer must substantiate the contribution, nexus with the party and reason for the payment. It further notes that denial of cross-examination does not necessarily breach natural justice where the taxpayer knew the allegations, had an opportunity to respond, and the conclusion rests on cumulative evidence rather than a single statement.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
