Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Income from interest as other income or business income - proof of setting up of business - assessee was the proposed strategic investor in the rehabilitation scheme of the Duncan industries Ltd. - It was a sick industry for the revival of which the BIFR approved the scheme proposed by the assessee. - Claim of the assessee allowed.
Income from interest as other income or business income - proof of setting up of business - assessee was the proposed strategic investor in the rehabilitation scheme of the Duncan industries Ltd. - It was a sick industry for the revival of which the BIFR approved the scheme proposed by the assessee. - Claim of the assessee allowed.
Note: It is a system-generated summary and is for quick reference only.
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