ITAT Ahmedabad quashes 270A misreporting penalties where taxpayers withdrew 80GGC political donation deductions on reassessment; disallowance alone isn’t misreporting.
Google co-founder Sergey Brin has stepped into San Francisco’s heated tax debate with a USD 500,000 political donation aimed at opposing a controversial business tax proposal. At the same time, Brin is backing a rival business-friendly measure as voters prepa…