https://www.taxtmi.com/caselaws?id=103305 Political parties were treated as subject to mandatory accounting and return-filing requirements to claim income-tax exemption, and revenue authorities were expected to enforce the default provisions. Expenditure said to have been incurred by a party for a candidate's election was treated under Explanation 1 to section 77 as third-party expenditure only if the candidate rebuts the presumption of authorisation with admissible evidence; a mere assertion was insufficient. Article 324 was construed as conferring plenary election-management power where legislation was silent, including authority to require political parties to furnish election-expenditure particulars for scrutiny to protect transparency and free and fair elections. en-us Thu, 04 Apr 1996 00:00:00 +0530 Thu, 04 Aug 2016 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103305 Political parties were treated as subject to mandatory accounting and return-filing requirements to claim income-tax exemption, and revenue authorities were expected to enforce the default provisions. Expenditure said to have been incurred by a party for a candidate's election was treated under Explanation 1 to section 77 as third-party expenditure only if the candidate rebuts the presumption of authorisation with admissible evidence; a mere assertion was insufficient. Article 324 was construed as conferring plenary election-management power where legislation was silent, including authority to require political parties to furnish election-expenditure particulars for scrutiny to protect transparency and free and fair elections. Case-Laws Companies Law Thu, 04 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103305