Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
In the case of shortage of stock a valid presumptions would be that the stock has been sold outside the books of accounts - the only addition that can be made is that of gross profit on estimate basis - Since the stock was accounted for in the books of account accordingly there can be no addition on account of unexplained investments - AT
In the case of shortage of stock a valid presumptions would be that the stock has been sold outside the books of accounts - the only addition that can be made is that of gross profit on estimate basis - Since the stock was accounted for in the books of account accordingly there can be no addition on account of unexplained investments - AT
Note: It is a system-generated summary and is for quick reference only.
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