https://www.taxtmi.com/caselaws?id=775369 A political party claiming exemption under section 13A must strictly satisfy the statutory conditions, including filing its return on or before the due date prescribed by section 139(4B) read with section 139(1); a belated filing does not qualify, so the exemption is denied. Once the return was held time-barred, the separate objections regarding cash receipts of donations and voluntary contributions became academic and were not separately decided. On denial of section 13A relief, the assessee could not seek taxation only on a net basis by setting off expenditure, because non-compliance with the exemption conditions disentitles expenditure-based netting of receipts. en-us Mon, 21 Jul 2025 00:00:00 +0530 Wed, 23 Jul 2025 12:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775369 A political party claiming exemption under section 13A must strictly satisfy the statutory conditions, including filing its return on or before the due date prescribed by section 139(4B) read with section 139(1); a belated filing does not qualify, so the exemption is denied. Once the return was held time-barred, the separate objections regarding cash receipts of donations and voluntary contributions became academic and were not separately decided. On denial of section 13A relief, the assessee could not seek taxation only on a net basis by setting off expenditure, because non-compliance with the exemption conditions disentitles expenditure-based netting of receipts. Case-Laws Income Tax Mon, 21 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775369