Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
The ITAT ruled on the assessment u/s 153A regarding lodging new claims of deduction u/s 80-IA. Assessee made fresh claims for deduction u/s 80IA(4) in compliance with notices u/s 153A for preceding six years. Forms were filed timely. Coordinate bench precedent favored assessee, allowing the deduction u/s 80IA. Revenue argued deduction for subsequent years requires allowance in AY 2017-18, which was granted. Assessee treated as "Developer of Infrastructure facility," not "Works Contractor," based on past treatment. Revenue's grounds dismissed.
The ITAT ruled on the assessment u/s 153A regarding lodging new claims of deduction u/s 80-IA. Assessee made fresh claims for deduction u/s 80IA(4) in compliance with notices u/s 153A for preceding six years. Forms were filed timely. Coordinate bench precedent favored assessee, allowing the deduction u/s 80IA. Revenue argued deduction for subsequent years requires allowance in AY 2017-18, which was granted. Assessee treated as "Developer of Infrastructure facility," not "Works Contractor," based on past treatment. Revenue's grounds dismissed.
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