Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Non setting off the losses from Export Oriented Unit (Section 10B unit) against the income earned in the Domestic Tariff Area Unit - Admittedly, in the instant case, the assessee has not filed any audit report in Form-56G which is a mandatory requirement for claiming deduction u/s 10B of the Act. Therefore, the deduction under Section 10B of the Act cannot be thirst upon the assessee. - The provisions of Section 70 of the Act have to be given effect to. - HC
Non setting off the losses from Export Oriented Unit (Section 10B unit) against the income earned in the Domestic Tariff Area Unit - Admittedly, in the instant case, the assessee has not filed any audit report in Form-56G which is a mandatory requirement for claiming deduction u/s 10B of the Act. Therefore, the deduction under Section 10B of the Act cannot be thirst upon the assessee. - The provisions of Section 70 of the Act have to be given effect to. - HC
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