https://www.taxtmi.com/highlights?id=88580 ITAT denied tax deduction u/s 80GGC for political party donations after establishing systematic financial manipulation. The appellate tribunal found that the assessee's claimed donations were part of an elaborate scheme to legitimize illicit funds through layered bank account transfers. Specifically, funds were routed through multiple entities, ultimately returning as cash, which constituted a deliberate tax evasion strategy. With no substantive evidence presented to counter the Assessing Officer's detailed financial investigation, the tribunal conclusively rejected the assessee's grounds, dismissing the appeal and upholding the original tax assessment. en-us Wed, 21 May 2025 08:29:08 +0530 Wed, 21 May 2025 08:29:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=88580 ITAT denied tax deduction u/s 80GGC for political party donations after establishing systematic financial manipulation. The appellate tribunal found that the assessee's claimed donations were part of an elaborate scheme to legitimize illicit funds through layered bank account transfers. Specifically, funds were routed through multiple entities, ultimately returning as cash, which constituted a deliberate tax evasion strategy. With no substantive evidence presented to counter the Assessing Officer's detailed financial investigation, the tribunal conclusively rejected the assessee's grounds, dismissing the appeal and upholding the original tax assessment. Highlights Income Tax Wed, 21 May 2025 08:29:08 +0530 https://www.taxtmi.com/highlights?id=88580