Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Real income - Addition on account of advances received from customers which have been transmitted to the supplier - final judgement from the courts were pending - If the Courts decides the issue in favour of the assessee, then the assessee would have to return this amount to customers. - Not taxable as no real income arose.
Real income - Addition on account of advances received from customers which have been transmitted to the supplier - final judgement from the courts were pending - If the Courts decides the issue in favour of the assessee, then the assessee would have to return this amount to customers. - Not taxable as no real income arose.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
