Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Addition of capital employed in the business u/s 68 - addition on presumption - the assessee requires no capital of his own for running business and allows his customer a credit period less than the credit period he enjoys - there is no sum which is found credited in the books of accounts of the assessee - on this ground itself, the addition can be deleted
Addition of capital employed in the business u/s 68 - addition on presumption - the assessee requires no capital of his own for running business and allows his customer a credit period less than the credit period he enjoys - there is no sum which is found credited in the books of accounts of the assessee - on this ground itself, the addition can be deleted
Note: It is a system-generated summary and is for quick reference only.
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