Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Addition of penal interest paid to Sales-tax Department - the interest amount paid is towards delay in payment of tax, is compensatory in nature - Expense towards interest allowed - But penalty is not allowed as deduction.
Addition of penal interest paid to Sales-tax Department - the interest amount paid is towards delay in payment of tax, is compensatory in nature - Expense towards interest allowed - But penalty is not allowed as deduction.
Note: It is a system-generated summary and is for quick reference only.
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