No penalty for disallowed political donation: ITAT-A | Ahmedabad News
Ahmedabad: The Income Tax Appellate Tribunal, Ahmedabad, has deleted penalties in at least two cases where political donation deductions were disallowed, holding that disallowance by itself does not indicate misreporting of income.In an order pronounced in May and released recently, the ITAT-A deleted a penalty of Rs 93,600 levied under Section 270A of the Income-tax…
