Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Deduction u/s 48(i) - expenditure incurred wholly and exclusive in connection with the transfer of Long Term Capital Asset - In the facts of the present case, undisputedly, the payment made by the assessee is certainly for removing encumbrance and perfecting the title over the property sold. Otherwise, the transaction would have failed. - Claim u/s 48(i) allowed - AT
Deduction u/s 48(i) - expenditure incurred wholly and exclusive in connection with the transfer of Long Term Capital Asset - In the facts of the present case, undisputedly, the payment made by the assessee is certainly for removing encumbrance and perfecting the title over the property sold. Otherwise, the transaction would have failed. - Claim u/s 48(i) allowed - AT
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