Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Disallowance of Interest on the ground that there is huge cash balance and the borrowed money is utilized for the non-business purpose – there is only one business of the assessee, part of which is not held to be illegal either by IT department or by any other government agency. - claim allowed - AT
Disallowance of Interest on the ground that there is huge cash balance and the borrowed money is utilized for the non-business purpose – there is only one business of the assessee, part of which is not held to be illegal either by IT department or by any other government agency. - claim allowed - AT
Note: It is a system-generated summary and is for quick reference only.
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