Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Unexplained investment u/s 69 - cashless transaction - the land owners, power of attorney holders and the assessee firm are all inter related - four immovable properties registered without payment and sale consideration is paid in the subsequent years - transfer u/s 2(47) should be construed to have taken place at the most when part consideration is paid coupled with handing over possession of the land - no addition in current year
Unexplained investment u/s 69 - cashless transaction - the land owners, power of attorney holders and the assessee firm are all inter related - four immovable properties registered without payment and sale consideration is paid in the subsequent years - transfer u/s 2(47) should be construed to have taken place at the most when part consideration is paid coupled with handing over possession of the land - no addition in current year
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