Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Revision u/s 263 - the action of the AO accepting the capital gain declared by the assessee as such cannot be faulted per se. The view of the AO on the issue is clearly a plausible view which in our view cannot be toppled and substituted by the opinion of the CIT in this regard - AT
Revision u/s 263 - the action of the AO accepting the capital gain declared by the assessee as such cannot be faulted per se. The view of the AO on the issue is clearly a plausible view which in our view cannot be toppled and substituted by the opinion of the CIT in this regard - AT
Note: It is a system-generated summary and is for quick reference only.