Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Assessment u/s 153A - Unexplained cash credit u/s 68 - The addition of share application money was on the basis of Bank account found in search - the said Bank account as well as the transactions reflected therein were duly disclosed by the assessee in its return of income originally filed - addition sustainable being outside the scope of section 153A and not based on any incriminating material found
Assessment u/s 153A - Unexplained cash credit u/s 68 - The addition of share application money was on the basis of Bank account found in search - the said Bank account as well as the transactions reflected therein were duly disclosed by the assessee in its return of income originally filed - addition sustainable being outside the scope of section 153A and not based on any incriminating material found
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