Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
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.
TaxTMI 
TaxTMI 
