Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Valuation - deduction of cash discount even if not availed - the expression “actually paid or payable for the goods when sold” means whatever is agreed to as price for the goods on the basis of value whether such price, has been paid in parts or has not been paid at all - deduction from the sale price allowed.
Valuation - deduction of cash discount even if not availed - the expression “actually paid or payable for the goods when sold” means whatever is agreed to as price for the goods on the basis of value whether such price, has been paid in parts or has not been paid at all - deduction from the sale price allowed.
Note: It is a system-generated summary and is for quick reference only.
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