Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Addition on a/c of under valuation of closing stock - invoices of raw material are booked in the end of year against the material recd - it was demonstrated that the goods were received through challans earlier whereas the invoices were raised later and were entered in the books of account - even VAT authorities have scrutinized the records and have accepted the purchase, sales and closing stock without any mistake - no addition
Addition on a/c of under valuation of closing stock - invoices of raw material are booked in the end of year against the material recd - it was demonstrated that the goods were received through challans earlier whereas the invoices were raised later and were entered in the books of account - even VAT authorities have scrutinized the records and have accepted the purchase, sales and closing stock without any mistake - no addition
Note: It is a system-generated summary and is for quick reference only.
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