Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Validity of Assessment u/s 153A - This absence of incriminating material played a pivotal role in the decision. Citing the precedent established by the Hon’ble Supreme Court in the case of PCIT vs. Abhisar Buildwell Pvt. Ltd., the Tax Tribunal held that the additions made by the AO, which had been subsequently confirmed by the Ld. CIT(A), were to be deleted due to their lack of foundation in incriminating evidence.
Validity of Assessment u/s 153A - This absence of incriminating material played a pivotal role in the decision. Citing the precedent established by the Hon’ble Supreme Court in the case of PCIT vs. Abhisar Buildwell Pvt. Ltd., the Tax Tribunal held that the additions made by the AO, which had been subsequently confirmed by the Ld. CIT(A), were to be deleted due to their lack of foundation in incriminating evidence.
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