Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Discontinuation of bank guarantee permitted due to prolonged litigation without resolution, causing prejudice to appellant deprived of substantial amount subject to guarantee for over two decades. Impugned order set aside, appellant allowed to discontinue guarantee upon filing undertaking affidavit within two weeks, enabling refund of guarantee amount. Appeal allowed.
Discontinuation of bank guarantee permitted due to prolonged litigation without resolution, causing prejudice to appellant deprived of substantial amount subject to guarantee for over two decades. Impugned order set aside, appellant allowed to discontinue guarantee upon filing undertaking affidavit within two weeks, enabling refund of guarantee amount. Appeal allowed.
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