BIG Setback to Congress: Tribunal Dismisses Appeal Challenging ₹199 Crore Tax Demand for FY18

I-T tribunal rejects Congress’ plea for tax break on Rs 199 crore income

The party had filed its tax returns late and violated rules related to cash donation limits, said the Income Tax Appellate Tribunal.

Congress loses appeal against Rs 199 crore tax demand, tribunal cites late filing, violations

The Congress party’s appeal against a Rs 199.15 crore income tax demand for the financial year 2018–19 has been dismissed by the Income Tax Appellate Tribunal (ITAT), which held that the party failed to meet key legal conditions required to claim exemption under the Income Tax Act. In an order issued on Monday, a two-member ITAT bench ruled that Congress was ineligible for tax exemption under Section 13A, which grants relief to political parties…

Income Tax Appellate Tribunal rejects Congress plea seeking tax exemption on Rs 199 crore income

The ITAT denied Congress’s claim for exemption, citing a violation of the conditions in Section 13A of the Income Tax Act.  The Appellate Tribunal noted that the returns were filed late, in addition, there was a violation of cash donation limits.

Income Tax Appellate Tribunal dismisses Congress appeal against Rs 199 crore tax assessment

The Congress tried to find respite in Section 139(4) of the IT Act which states that if an individual misses the ITR filing deadline, they can still file a belated return, subject to penalties. The ITAT, however, denied it relief.

Income Tax Appellate Tribunal rejects Congress’ appeal against tax demand on ₹199 crore income

Income Tax Appellate Tribunal rejects Indian National Congress' appeal against ₹199.15 crore tax demand due to late filing and cash donation violations.

Income Tax tribunal dismisses Congress’s plea challenging Rs 199 crore tax demand - The Tribune

The bench rules that the party's income tax return did not qualify for exemption as it was submitted after the deadline.