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of <h1>Political Party's Tax Exemption Denied for 2018-2019; Court Cites Poor Record-Keeping, Allows Reapplication for Stay.</h1> A political party challenged the rejection of its income tax exemption claim for the 2018-2019 assessment year by the Assessing Officer, who determined the party's income at INR 199.15 crore. The party argued that it complied with Section 13A of the Income Tax Act, 1961, and faced financial hardship. The Income Tax Appellate Tribunal (ITAT) and the Delhi High Court found no error in the rejection, noting the party's failure to maintain proper donation records and its lax pursuit of legal remedies. The court allowed the party to reapply for a stay, considering changed circumstances and recovered amounts.
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