Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
No infirmity in the order of AO in treating the entire loan processing fee paid for obtaining loan from bank being capital in nature. The assessee however, would be entitled to claim depreciation by capitalizing this figure with the cost of asset acquired by it - AT
No infirmity in the order of AO in treating the entire loan processing fee paid for obtaining loan from bank being capital in nature. The assessee however, would be entitled to claim depreciation by capitalizing this figure with the cost of asset acquired by it - AT
Note: It is a system-generated summary and is for quick reference only.
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