High Court Criticizes ITAT for Overturning AO and CIT(A) Orders on Political Party Tax Exemption u/s 13A.

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....Exemption u/s 13A - As long as a political party continues to avail the exemption from payment of income tax, there can be no excuse for not maintaining its account whether it has one or more state units. - no valid reasons have been given by the ITAT for overturning the reasoned and detailed orders of the AO and CIT (A). - HC....