Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Revision u/s 263 - The ITAT observed that there was no evidence of lack of enquiry by the Assessing Officer regarding the claim of deduction under Section 57. The case was opened for limited scrutiny, and the assessee had responded to queries during assessment proceedings. - The tribunal held that the PCIT erred in holding the assessment order as erroneous and prejudicial to the interest of the revenue. Revision order quashed.
Revision u/s 263 - The ITAT observed that there was no evidence of lack of enquiry by the Assessing Officer regarding the claim of deduction under Section 57. The case was opened for limited scrutiny, and the assessee had responded to queries during assessment proceedings. - The tribunal held that the PCIT erred in holding the assessment order as erroneous and prejudicial to the interest of the revenue. Revision order quashed.
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