Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Cancellation of registration u/s 12AB(4) denied - trust's investments in mutual funds from accumulations and corpus donations, not borrowed funds - trust deed clause allowing settlor's accommodation became infructuous after settlor's death in 1965, not violating section 13(3) - investments in mutual funds to meet section 11(5) requirements - CIT(Exemption) cannot cancel registration merely based on trust deed covenants without examining actual activities - activities genuine and in accordance with objects - order set aside, appeal allowed.
Cancellation of registration u/s 12AB(4) denied - trust's investments in mutual funds from accumulations and corpus donations, not borrowed funds - trust deed clause allowing settlor's accommodation became infructuous after settlor's death in 1965, not violating section 13(3) - investments in mutual funds to meet section 11(5) requirements - CIT(Exemption) cannot cancel registration merely based on trust deed covenants without examining actual activities - activities genuine and in accordance with objects - order set aside, appeal allowed.
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