Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Respondent-authorities failed to communicate reasons for retaining books of accounts and documents beyond statutory period of 30 days from assessment order as mandated u/s 132(8). Petitioner was deprived of opportunity to raise objections before Central Board of Direct Taxes u/s 132(10). Court held that non-communication of reasons for retention renders further retention illegal and invalid as per precedents. Respondents directed to return seized books and documents forthwith to petitioner.
Respondent-authorities failed to communicate reasons for retaining books of accounts and documents beyond statutory period of 30 days from assessment order as mandated u/s 132(8). Petitioner was deprived of opportunity to raise objections before Central Board of Direct Taxes u/s 132(10). Court held that non-communication of reasons for retention renders further retention illegal and invalid as per precedents. Respondents directed to return seized books and documents forthwith to petitioner.
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