Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Addition towards difference between the value of the shares allotted and consideration paid - provision of s. 56(2)(vii)(c) shall not apply and the amount cannot be assessed as income in the hands of the assessee on the ground of inadequate consideration- AT
Addition towards difference between the value of the shares allotted and consideration paid - provision of s. 56(2)(vii)(c) shall not apply and the amount cannot be assessed as income in the hands of the assessee on the ground of inadequate consideration- AT
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