Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Nature of compensation/settlement amount paid to the erstwhile MD - capital or revenue expenditure - it is common practice in case of termination of employment to put forth the condition not to engage in act of competition for a year. This cannot be considered to treat the above payment as capital in nature. - AT
Nature of compensation/settlement amount paid to the erstwhile MD - capital or revenue expenditure - it is common practice in case of termination of employment to put forth the condition not to engage in act of competition for a year. This cannot be considered to treat the above payment as capital in nature. - AT
Note: It is a system-generated summary and is for quick reference only.
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