Got income tax notice for political donation? Man wins as ITAT upholds Section 80GGC tax deduction despite allegations of bogus donations - The Economic Times
A man's Rs 4 lakh donation to a political party for an 80GGC tax deduction was flagged as suspicious. The Income Tax Appellate Tribunal (ITAT) added Rs 40,000 to his income, noting the party provided accommodation entries. While the man was not directly implicated in the scam, the ITAT made a 10% addition to plug revenue leakage.