Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
The HC held that payment under the VSV Act, though reflected in the system on 01.10.2021 due to a processing error, must be treated as having been made on 30.09.2021 where the challan was tendered on that date; Respondent No. 1 is directed to issue Form 5 to the Petitioner. The court applied equitable construction of the statutory scheme, observing that a one-day delay caused by system error and not attributable to the Petitioner should not forfeit scheme benefits. The petition is allowed as prayed, the rule is made absolute, the writ petition is disposed of accordingly, and there shall be no order as to costs.
The HC held that payment under the VSV Act, though reflected in the system on 01.10.2021 due to a processing error, must be treated as having been made on 30.09.2021 where the challan was tendered on that date; Respondent No. 1 is directed to issue Form 5 to the Petitioner. The court applied equitable construction of the statutory scheme, observing that a one-day delay caused by system error and not attributable to the Petitioner should not forfeit scheme benefits. The petition is allowed as prayed, the rule is made absolute, the writ petition is disposed of accordingly, and there shall be no order as to costs.
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