Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Foreign contribution income recognition based on accrual accounting - assessee recognized income and unspent grant liability for AY 2021-22, offered unspent grant as income in AY 2022-23 along with other receipts - detailed workings provided - unspent grant income offered in subsequent year - no addition warranted in the year under consideration - appeal allowed by Appellate Tribunal deleting the addition made by the Assessing Officer.
Foreign contribution income recognition based on accrual accounting - assessee recognized income and unspent grant liability for AY 2021-22, offered unspent grant as income in AY 2022-23 along with other receipts - detailed workings provided - unspent grant income offered in subsequent year - no addition warranted in the year under consideration - appeal allowed by Appellate Tribunal deleting the addition made by the Assessing Officer.
Note: It is a system-generated summary and is for quick reference only.
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