| New Delhi |
Published: November 9, 2018 3:13:19 am
Refuting allegations of mismatch in its precise and reported earnings for the yr 2014-15, the Aam Aadmi Party (AAP), in its response to a present trigger discover, has questioned the Election Commission’s (EC’s) Reliance on an I-T report — the accuracy of which has been challenged earlier than tax authorities.
The EC had served a present trigger discover to AAP on September 11 looking for the latter’s response, inside 20 days, on why its recognition shouldn’t be withdrawn for, allegedly, concealing its precise earnings within the monetary yr 2014-15.
Earlier this yr, as first reported by The Indian Express on January 9 this yr, the Central Board of Direct Taxes (CBDT) had flagged an alleged discrepancy in AAP’s precise and reported donations to the EC. In his missive to the then Chief Election Commissioner (CEC) AK Joti, CBDT chairman Sushil Chandra had knowledgeable the EC that AAP had not disclosed the supply of Rs 13.16 crore value of donations.
The EC’s present trigger discover reiterated CBDT’s findings, together with the one which highlights the mismatch between complete credit score of Rs 67.67 crore (from donations in extra of Rs 20,000) in AAP’s checking account and the entire earnings of Rs 54.15 crore disclosed by the occasion in its audited accounts shared with the Commission.
AAP, in its protection, is learnt to have instructed EC that the above allegation relies on an misguided evaluation of its financial institution accounts by the Assessing Officer (AO), which has been challenged by the occasion earlier than the Commissioner of Income Tax (Appeals).
According to the occasion, the entire credit score of Rs 67.67 crore in AAP’s checking account shouldn’t be labeled as earnings from political contributions, since all credit weren’t meant to be donations. Out of Rs 67.67 crore, the occasion stated, about Rs 42 crore was contributed as donations. Moreover, AAP has reiterated that the AO’s findings and the occasion’s counter claims are at the moment beneath enchantment earlier than the tax authorities.
Responding to the allegation that the occasion hid donations acquired by way of 4 hawala operators as voluntary contribution, AAP has maintained that every one 4 donations have been acquired by way of financial institution drafts and it was disclosed within the audited accounts of the occasion.
It has additional stated that every one 4 donor corporations, which collectively gave Rs 2 crore, are non-public corporations integrated beneath the Companies Act 1956, and it’s not doable to certify the credentials of every donor.
The EC present trigger discover had additionally identified that the occasion had made incorrect disclosures on its official web site and furnished false info beneath Section 29C of the RP Act. Section 29C mandates all political events to reveal particulars of all donations, in extra of Rs 20,000, acquired from people and firms.
The discover mentions that the occasion had modified/revised its Contribution Report as soon as the correctness of the identical was questioned. To this, AAP has stated that the AO has based mostly his allegation of discrepancies within the donations disclosed on the occasion’s web site and the Contribution Report submitted to EC on a newspaper report, which isn’t legally acceptable proof.
As for the occasion revising the contribution report submitted to the EC, AAP has stated that Sections 29 C of the RP Act and 139 of the Income Tax Act allow adjustments in contribution report inside a stipulated time interval. According to AAP, the report was revised inside the permitted interval.
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