Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Penalty u/s 271D - assessee has accepted cash amounts from his father - on cancellation of land deal, in the hands of father, the amount was returned to the assessee and such transaction cannot be tagged as loan or advance in contravention of section 69SS - No penalty.
Penalty u/s 271D - assessee has accepted cash amounts from his father - on cancellation of land deal, in the hands of father, the amount was returned to the assessee and such transaction cannot be tagged as loan or advance in contravention of section 69SS - No penalty.
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