Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Rejection of the books of account - since before invoking Section 145, the AO had not given any opportunity to the Assessee and therefore, could not have drawn an adverse influence against it - no indication by the AO that how the assessee has inflated its profit and correspondingly inflated its assets or deflated its liabilities - CIT(A)/ITAT order appears to be on sound legal basis consistent with the law
Rejection of the books of account - since before invoking Section 145, the AO had not given any opportunity to the Assessee and therefore, could not have drawn an adverse influence against it - no indication by the AO that how the assessee has inflated its profit and correspondingly inflated its assets or deflated its liabilities - CIT(A)/ITAT order appears to be on sound legal basis consistent with the law
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
