18/05/2026
1. Political Donation or Tax Trap? ITAT Mumbai Denies Section 80GGC Deduction for Bogus RUPP Donation - ITAT Mumbai in Ritesh Sugan Jain v. ITO denied Section 80GGC deduction for donation to Rashtriya Samajwadi Party (Secular), holding that banking-channel payment and receipts cannot validate a sham political donation transaction.
Section 80GGC deduction, bogus political donation, RUPP donation scam, Rashtriya Samajwadi Party Secular donation case, ITAT Mumbai 80GGC, political donation income tax notice, Section 148 notice political donation, Section 148A income tax notice, bogus donation accommodation entry, income tax notice reply, tax litigation consultant Delhi, CA for income tax notice, CA in Dwarka for tax notice.
https://caalokkumar.com/my-writing/section-80ggc-bogus-political-donation-itat-mumbai-ritesh-sugan-jain/
2. Can the Income Tax Department make a huge addition only because your name appears in someone else’s diary or pen drive? A third-party document may create suspicion, but suspicion alone cannot become taxable income unless the Revenue proves the transaction with independent evidence. The ITAT Hyderabad, in SVS Projects India Private Limited vs ACIT, has once again reinforced a very important principle of income-tax law:
https://caalokkumar.com/my-writing/third-party-diary-tax-addition-svs-projects-itat-hyderabad/
3. क्या आयकर विभाग केवल इस आधार पर कोई बड़ी addition कर सकता है कि आपका नाम किसी अन्य व्यक्ति की diary या pen drive में लिखा हुआ पाया गया है?
इस प्रश्न पर ITAT Hyderabad ने SVS Projects India Private Limited vs ACIT के मामले में एक महत्वपूर्ण सिद्धांत को फिर से स्पष्ट किया है।
Tribunal ने माना कि third-party document यानी किसी तीसरे व्यक्ति के पास से मिला हुआ document, diary, loose paper या pen drive केवल संदेह पैदा कर सकता है। लेकिन केवल संदेह के आधार पर किसी taxpayer की taxable income नहीं मानी जा सकती।
जब तक Revenue यह स्वतंत्र और ठोस evidence से साबित न करे कि वास्तव में transaction हुआ था, cash का actual movement हुआ था, और उसका सीधा संबंध assessee से है, तब तक ऐसी addition sustainable नहीं हो सकती।
किसी third-party diary या pen drive में नाम आ जाना inquiry का कारण हो सकता है, लेकिन tax addition का आधार नहीं बन सकता। Suspicion जांच शुरू कर सकता है, परंतु suspicion alone taxable income नहीं बना सकता।
https://caalokkumar.com/my-writing/third-party-diary-tax-addition-svs-projects-itat-hyderabad/
4. Penny Stock LTCG Cannot Be Taxed on Suspicion Alone: ITAT Ahmedabad Deletes ₹1.17 Crore Addition under Section 68 - ITAT Ahmedabad held that penny stock LTCG cannot be taxed under Section 68 merely on suspicion where contract notes, bank records, demat statements and STT proof support the transaction.
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https://caalokkumar.com/my-writing/penny-stock-ltcg-section-68-kappac-pharma-itat-ahmedabad/
5. Can a huge tax addition be made merely on the basis of loose papers and assumptions, without examining buyers, without confronting the assessee properly, and without independent evidence of actual cash rec…
Penny Stock LTCG Cannot Be Taxed on Suspicion Alone: ITAT Ahmedabad Deletes ₹1.17 Crore Addition under Section 68 - ITAT Ahmedabad held that penny stock LTCG cannot be taxed under Section 68 merely on suspicion where contract notes, bank records, demat statements and STT proof support the transact...
