Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
At the stage of issue of re-assessment notice, what is required is “reason to believe” and not the established fact of escapement of income. Reasons recorded on the basis of information received from investigation wing cannot be stated to be irrelevant or mechanically recorded.
At the stage of issue of re-assessment notice, what is required is “reason to believe” and not the established fact of escapement of income. Reasons recorded on the basis of information received from investigation wing cannot be stated to be irrelevant or mechanically recorded.
Note: It is a system-generated summary and is for quick reference only.
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