New Delhi: An Income Tax Appellate Tribunal has said that the four Jharkhand Mukti Morcha MPs don't have to pay tax on donations received from the Congress for the 1993 confidence vote.
The JMM MPs had appealed against paying income tax on the interest accrued on donations.
The JMM MPs told the tribunal that this is a donation from a big party to a small party for development of Jharkhand and so there can't be any tax payment.
The MPs admitted that the money was paid to them to save the PV Narasimha Rao Government in 1993....more
07:26 PM, Sep 12, 2011