https://www.taxtmi.com/caselaws?id=783809 Entitlement to exemption for a political party under s.13A turned on statutory compliance and genuineness of contributions. The Tribunal held the assessee failed to show substantial compliance with s.139(4B) filing within time, maintenance of audited books, and proper contribution reporting; further, donor statements and a statement recorded u/s 132(4) established a cash-return arrangement with 5-8% commission, rendering donors bogus and contributions non-voluntary, which independently justified denial of s.13A exemption. Consequently, exemption was denied. Separately, the Tribunal held s.68 could not be invoked because rejected donation claims/commission could not be treated as unexplained cash credits; the s.68 additions were deleted and income was directed to be recomputed at 6% of total contributions as "income from other sources" u/s 56(1). en-us Wed, 17 Dec 2025 00:00:00 +0530 Tue, 23 Dec 2025 07:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783809 Entitlement to exemption for a political party under s.13A turned on statutory compliance and genuineness of contributions. The Tribunal held the assessee failed to show substantial compliance with s.139(4B) filing within time, maintenance of audited books, and proper contribution reporting; further, donor statements and a statement recorded u/s 132(4) established a cash-return arrangement with 5-8% commission, rendering donors bogus and contributions non-voluntary, which independently justified denial of s.13A exemption. Consequently, exemption was denied. Separately, the Tribunal held s.68 could not be invoked because rejected donation claims/commission could not be treated as unexplained cash credits; the s.68 additions were deleted and income was directed to be recomputed at 6% of total contributions as "income from other sources" u/s 56(1). Case-Laws Income Tax Wed, 17 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783809