Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Valuation of imported machines - For six years period i.e., when the machinery was used in Iraq and thereafter, it was brought to Nepal, its value as on that date was ascertained. - Thereafter, for remaining three years, when it was in Nepal and brought to India, depreciation method is adopted.In such circumstances, we do not find any error in applying the circular dated 19.11.87 in the instant case - SC
Valuation of imported machines - For six years period i.e., when the machinery was used in Iraq and thereafter, it was brought to Nepal, its value as on that date was ascertained. - Thereafter, for remaining three years, when it was in Nepal and brought to India, depreciation method is adopted.In such circumstances, we do not find any error in applying the circular dated 19.11.87 in the instant case - SC
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