Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Addition u/s 69A r.w.s. 115BBE - assessee deposited cash during demonetization period - The Appellate Tribunal found the appellant's claim backed by sufficient documentary evidence, concluding that no addition could be made solely based on suspicion. As the cash generated from sales was duly reflected in the books of accounts, the provisions of Sec. 69A were not applicable. Ultimately, the Tribunal allowed the appellant's appeal, overturning the additions made by the assessing authority.
Addition u/s 69A r.w.s. 115BBE - assessee deposited cash during demonetization period - The Appellate Tribunal found the appellant's claim backed by sufficient documentary evidence, concluding that no addition could be made solely based on suspicion. As the cash generated from sales was duly reflected in the books of accounts, the provisions of Sec. 69A were not applicable. Ultimately, the Tribunal allowed the appellant's appeal, overturning the additions made by the assessing authority.
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