Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Appellant Directorate attached 29 properties in a benami transaction case. Adjudicating Authority excluded properties bought in the name of a family member, shifting burden to show consideration. Appellant argued against the finding, citing facts and legal definition of benami transaction. It was found that properties exceeded earnings, acquired with illicit income. Appellate Tribunal allowed appeal, confirming attachment of some properties pending review, but setting aside order for others due to inadequate consideration and benefitting from corruption.
Appellant Directorate attached 29 properties in a benami transaction case. Adjudicating Authority excluded properties bought in the name of a family member, shifting burden to show consideration. Appellant argued against the finding, citing facts and legal definition of benami transaction. It was found that properties exceeded earnings, acquired with illicit income. Appellate Tribunal allowed appeal, confirming attachment of some properties pending review, but setting aside order for others due to inadequate consideration and benefitting from corruption.
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