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Income-tax penalty over 3.71 lakh political donation deduction: ITAT Ahmedabad deletes 2.31 lakh penalty

ITAT Ahmedabad has deleted a 2.31 lakh income-tax penalty imposed on a taxpayer over a 3.71 lakh political donation deduction claimed under Section 80GGC. The tribunal said the tax department failed to clearly establish how the claim amounted to under-reporting or misreporting of income.