Mis-declaration and Concealment: confiscation affirmed, transaction value re-determined and mandatory penalty sustained; redemption allowed on payment...
Infrastructure facility: energy-efficient public lighting held integral to road projects, qualifying the operator as a developer and eligible for dedu...
Deduction for donation to a political party under section 80-GGC was denied because the assessee failed to prove the genuineness of the alleged contribution on the overall facts. Although the payment was routed through banking channels and receipts were produced, the Tribunal found these factors insufficient, noting material indicating circuitous donation transactions, absence of any supporting material showing the party's presence or nexus with the assessee, and the unusual circumstance that this was the assessee's only claimed philanthropic activity and a substantial profit-linked claim. The Tribunal upheld the disallowance. The challenge to initiation of penalty proceedings under section 270A was treated as premature and not entertained.
Deduction for donation to a political party under section 80-GGC was denied because the assessee failed to prove the genuineness of the alleged contribution on the overall facts. Although the payment was routed through banking channels and receipts were produced, the Tribunal found these factors insufficient, noting material indicating circuitous donation transactions, absence of any supporting material showing the party's presence or nexus with the assessee, and the unusual circumstance that this was the assessee's only claimed philanthropic activity and a substantial profit-linked claim. The Tribunal upheld the disallowance. The challenge to initiation of penalty proceedings under section 270A was treated as premature and not entertained.
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