Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Exemption u/s 11 - withdrawing/cancelling the registration u/s.12AA - loose papers found in search relied upon -Such loose sheets are not signed and author of such sheet is not known. The same cannot be treated as part of the regular books of accounts of assessee, therefore, entries in such loose sheets are irrelevant. Even otherwise the Ld. AO has taken a particular version whereas as Ld. CIT(A) has taken another version which raises doubts on the correctness of the loose sheets and it further lays emphasis that this sheets is merely a rough jotting. - No justification for making additions - AT
Exemption u/s 11 - withdrawing/cancelling the registration u/s.12AA - loose papers found in search relied upon -Such loose sheets are not signed and author of such sheet is not known. The same cannot be treated as part of the regular books of accounts of assessee, therefore, entries in such loose sheets are irrelevant. Even otherwise the Ld. AO has taken a particular version whereas as Ld. CIT(A) has taken another version which raises doubts on the correctness of the loose sheets and it further lays emphasis that this sheets is merely a rough jotting. - No justification for making additions - AT
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