https://www.taxtmi.com/caselaws?id=339532 The Tribunal upheld the validity of re-opening the assessment under Section 147 of the Income Tax Act but allowed the deduction under Section 80GGB for contributions made to the Electoral Trust. The Tribunal found that the contributions to the Electoral Trust qualified for deduction under Section 80GGB as indirect contributions to political parties, affirming the CIT(A)'s decision. The Revenue's appeal was dismissed, and the deduction for contributions to the Electoral Trust was deemed allowable based on a comprehensive analysis of the relevant legal provisions and judicial precedents. en-us Wed, 08 Feb 2017 00:00:00 +0530 Wed, 01 Mar 2017 09:05:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339532 The Tribunal upheld the validity of re-opening the assessment under Section 147 of the Income Tax Act but allowed the deduction under Section 80GGB for contributions made to the Electoral Trust. The Tribunal found that the contributions to the Electoral Trust qualified for deduction under Section 80GGB as indirect contributions to political parties, affirming the CIT(A)'s decision. The Revenue's appeal was dismissed, and the deduction for contributions to the Electoral Trust was deemed allowable based on a comprehensive analysis of the relevant legal provisions and judicial precedents. Case-Laws Income Tax Wed, 08 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339532