Political Party Shocked with Rs. 199 Crore against Donations for late filing of ITR [Read Order]:

Political Party Shocked with Rs. 199 Crore against Donations for late filing of ITR [Read Order] The Income Tax Appellate Tribunal (ITAT) has rejected granting an exemption on income tax on donations worth Rs. 199 crores. The Old Congress party is in Shock. They opposed the I-T department's notice, which asked it to pay tax on income of around Rs. 199 crores.

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The ITAT dismissed the congress appeal against under section 13A of the Income Tax Act for the year 2017-18. Congress has claimed that the money came from donations and should be exempted from tax. According to ITAT the congress filed its income tax return on February 2, 2019, over a month after the extended deadline of December 31, 2018.

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