ITAT rejects Congress appeal against ₹199 crore tax assessment

The Income Tax Appellate Tribunal (ITAT) rejected Congress' appeal against a "₹199 crore tax assessment," reiterating its earlier stance. The assessment was upheld primarily due to the party's failure to file its income tax return within the statutory due date and for accepting cash donations exceeding the permissible limit of ₹2,000, violating Section 13A of the Income Tax Act. This ruling underscores the importance of strict compliance with tax regulations for all entities, including political parties.