Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Block Assessment - Set off or carry forward of loss for p/y years from the undisclosed income determined during Search - It is clear that in computing the total income or loss of the Block period, the income or loss of each of the previous year has to be taken into consideration and computed in accordance with the provisions of the Act except set off or brought forward of loss under Section 32(2) of Act. - HC
Block Assessment - Set off or carry forward of loss for p/y years from the undisclosed income determined during Search - It is clear that in computing the total income or loss of the Block period, the income or loss of each of the previous year has to be taken into consideration and computed in accordance with the provisions of the Act except set off or brought forward of loss under Section 32(2) of Act. - HC
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