Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Disallowance of foreseeable losses - Provision for foreseeable losses debited by the assessee in the Profit & Loss Account, is not a contingent liability so as to be disallowed while computing business income for the year under consideration - AT
Disallowance of foreseeable losses - Provision for foreseeable losses debited by the assessee in the Profit & Loss Account, is not a contingent liability so as to be disallowed while computing business income for the year under consideration - AT
Note: It is a system-generated summary and is for quick reference only.
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