Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Estimation of cost of extraction of ore - AO gravely erred in relying upon the valuation report submitted by a Registered Valuer while assessing the income of the appellant, as such a report being invalid in law. Keeping in view the statutory provisions governing the filed, he should have sought a valuation by the District Valuation Officer and could have relied upon his report to assess the income of the appellant.- HC
Estimation of cost of extraction of ore - AO gravely erred in relying upon the valuation report submitted by a Registered Valuer while assessing the income of the appellant, as such a report being invalid in law. Keeping in view the statutory provisions governing the filed, he should have sought a valuation by the District Valuation Officer and could have relied upon his report to assess the income of the appellant.- HC
Note: It is a system-generated summary and is for quick reference only.