Rana Ayyub Exposed: ₹2.7 Crore COVID Fund Used For FDs And Personal Expenses, Not Relief – IT Tribunal Slams Misuse - The Commune

Rana Ayyub Exposed: ₹2.7 Crore COVID Fund Used For FDs And Personal Expenses, Not Relief – IT Tribunal Slams Misuse - The Commune

The Income Tax Appellate Tribunal (ITAT), Mumbai, has ruled that journalist Rana Ayyub’s COVID-19 donation campaigns raised over ₹2.7 crore in taxable income, rejecting her claim that the funds were used entirely for charitable purposes. The Tribunal upheld the tax department’s invocation of Section 56(2)(x) of the Income Tax Act, 1961, and supported the swift action taken under Section 175 to prevent asset disposal. The amount in question, ₹2.6…

Rana Ayyub Liable for Tax on Rs1.23 Crore COVID Donations Diverted for Personal Use: ITAT

In a significant ruling, the Mumbai bench of the income tax appellate tribunal (ITAT) has dismissed the appeals filed by journalist Rana Ayyub Shaikh and upheld the addition of over Rs1.23 crore under section 56(2)(x) of the Income Tax (I-T) Act, citing that the donations collected via crowdfunding platform Ketto for Covid-19 relief were diverted for personal use.