Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Losses in speculation business - Tribunal have to decide whether principle business of the assessee is of granting of loans and advances or dealing in shares and assessee falls within the exception u/s 73 and whether loss from shares dealing was speculation loss or not - remanded to tribunal to decide principle business then allowablity of business loss
Losses in speculation business - Tribunal have to decide whether principle business of the assessee is of granting of loans and advances or dealing in shares and assessee falls within the exception u/s 73 and whether loss from shares dealing was speculation loss or not - remanded to tribunal to decide principle business then allowablity of business loss
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