Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Waiver of loan amount - addition u/s 56(2)(vi) - amount received by the individual or HUF without consideration - It is not just a case where the bank has simply waived or remitted the loan amount, rather the bank to secure payment of remaining part of the loan, which otherwise the bank was feeling difficult to recover, was the consideration for settlement of the loan account - not taxable
Waiver of loan amount - addition u/s 56(2)(vi) - amount received by the individual or HUF without consideration - It is not just a case where the bank has simply waived or remitted the loan amount, rather the bank to secure payment of remaining part of the loan, which otherwise the bank was feeling difficult to recover, was the consideration for settlement of the loan account - not taxable
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