Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Nature of income which is received by the VCC or VCF from the Venture Capital undertaking - The income received by the assessee from IVF is taxable in the manner as prescribed u/s 115U – Since the Assessing Officer has assessed the income as short term capital gain; therefore, the claim of the assessee as short term capital loss has to be allowed - AT
Nature of income which is received by the VCC or VCF from the Venture Capital undertaking - The income received by the assessee from IVF is taxable in the manner as prescribed u/s 115U – Since the Assessing Officer has assessed the income as short term capital gain; therefore, the claim of the assessee as short term capital loss has to be allowed - AT
Note: It is a system-generated summary and is for quick reference only.
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