Held, that the assessee had not produced any additional evidence in support of its claim regarding the donation made under section 80GGC. The Assessing Officer on enquiry found a systematic financial manoeuvre to legitimate illicit moneys and evade taxes. In the absence of any evidence from the assessee, the findings given by the lower authorities did not require any interference. The disallowance was upheld. (AY. 2016-17)
Pavan Anil Bakeri v. Dy. CIT (2022)98 ITR 71 (SN) (Ahd) Trib)
S. 80GGC : Contribution-Any person-Political parties-Evidence not provided-Funds transferred to proprietor of firms and further transferred to other entities-Financial manoeuvre to legalize illicit money and to evade taxes-Disallowance is justified.