Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Reassessment for a claimed deduction for political contributions under section 80GGC may examine whether the payment was a genuine donation or an accommodation entry. The Tribunal's reported analysis states that banking-channel payments and donation receipts do not prevent scrutiny of surrounding circumstances. Investigation material, statements recorded under section 132(4), bank-trail analysis and evidence of fund layering by the recipient political party were treated as a chain of circumstances under the test of human probabilities, indicating an accommodation entry. The article reports that the reassessment notice was validly issued, the deduction was disallowed, and the appeal was dismissed.
Reassessment for a claimed deduction for political contributions under section 80GGC may examine whether the payment was a genuine donation or an accommodation entry. The Tribunal's reported analysis states that banking-channel payments and donation receipts do not prevent scrutiny of surrounding circumstances. Investigation material, statements recorded under section 132(4), bank-trail analysis and evidence of fund layering by the recipient political party were treated as a chain of circumstances under the test of human probabilities, indicating an accommodation entry. The article reports that the reassessment notice was validly issued, the deduction was disallowed, and the appeal was dismissed.
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