Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Disallowance of provisions of section 36(1)(vii) - whether the loss on account of FDR's maintained with MMCBL, which was under liquidation, and written off of the same is eligible for deduction under the head business and profession? - the entries made in the assessee's books of account in that behalf were strictly in accordance with the guidelines issued by the RBI - Claim cannot be denied - AT
Disallowance of provisions of section 36(1)(vii) - whether the loss on account of FDR's maintained with MMCBL, which was under liquidation, and written off of the same is eligible for deduction under the head business and profession? - the entries made in the assessee's books of account in that behalf were strictly in accordance with the guidelines issued by the RBI - Claim cannot be denied - AT
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