Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Promotion of investments by providing structured packages for eligible projects - In the present case, the fact that the petitioner has failed to achieve the requisite production for 13 years after commencement of production stands as testimony to its ineligibility to the incentive - The mere fact that a period or a tenure has not been set out under an order of exemption would thus, in my considered view, not lead to the conclusion that such a benefit was extended to be permanent. - HC
Promotion of investments by providing structured packages for eligible projects - In the present case, the fact that the petitioner has failed to achieve the requisite production for 13 years after commencement of production stands as testimony to its ineligibility to the incentive - The mere fact that a period or a tenure has not been set out under an order of exemption would thus, in my considered view, not lead to the conclusion that such a benefit was extended to be permanent. - HC
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