Tag Archives: IN THE ITAT MUMBAI BENCH ‘SMC

Deduction under Section 80GGC disallowed as political donation was bogus and returned in cash.

By | September 21, 2026
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Deduction under Section 80GGC disallowed as political donation was bogus and returned in cash. Issue Whether an assessee is entitled to claim a deduction under Section 80GGC for a donation made to a political party when investigative findings establish that the donation was bogus and the funds were routed back to the assessee in cash.… Read More »

Relevant Additional Evidence Admitted and Matter Remanded to CIT(A) for Re-evaluating Share Loss Genuineness

By | September 14, 2026
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Relevant Additional Evidence Admitted and Matter Remanded to CIT(A) for Re-evaluating Share Loss Genuineness Issue Whether additional documentary evidence (bank statements and CDSL transaction statements) establishing the purchase and sale of shares ought to be admitted under Rule 29 of the Income-tax (Appellate Tribunal) Rules, 1963, and the matter remanded to the CIT(A) for fresh… Read More »