Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Donations to a registered political party were examined for eligibility for deduction under deduction for political donations after verification showed the party failed to file contribution reports under the Representation of the People Act and did not meet political party exemption compliance. The tribunal accepted factual findings that the party repeatedly claimed improper income-tax exemptions and that contribution-reporting lapses and contemporaneous statements indicated a scheme where cheque donations were returned in cash. Consequently, the donation was treated as bogus and not allowable as a deduction for the donor, and the donor's appeal against disallowance was dismissed.
Donations to a registered political party were examined for eligibility for deduction under deduction for political donations after verification showed the party failed to file contribution reports under the Representation of the People Act and did not meet political party exemption compliance. The tribunal accepted factual findings that the party repeatedly claimed improper income-tax exemptions and that contribution-reporting lapses and contemporaneous statements indicated a scheme where cheque donations were returned in cash. Consequently, the donation was treated as bogus and not allowable as a deduction for the donor, and the donor's appeal against disallowance was dismissed.
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