Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish c...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
Membership-consent thresholds for oppression petitions are satisfied by unchallenged voter-list consents, while unsupported forgery claims require pro...
The assessee filed a revised return of income to correct the addition based on professional receipts in the original return. The hospital made a total payment of Rs. 47,26,546 to the assessee during the year, shown as professional receipts. However, there is no evidence to suggest that Rs. 1,89,909 pertains to a partial refund of deposits. Therefore, the addition of Rs. 1,89,909 is confirmed. The assessee proved payment to an anesthetist, and the addition related to this payment is directed to be deleted. The assessee substantiated payment to Dr. RK as professional fees through evidence, and this addition is directed to be deleted as the expenditure was wholly and exclusively for business purposes. Regarding petrol and diesel expenditure, the assessee failed to provide specific evidence, and the addition of Rs. 1,05,230 is upheld. The salary and wages addition of Rs. 48,950 is directed to be deleted as the amount remained payable for March 2020, and the assessee provided supporting documents without any discrepancy.
The assessee filed a revised return of income to correct the addition based on professional receipts in the original return. The hospital made a total payment of Rs. 47,26,546 to the assessee during the year, shown as professional receipts. However, there is no evidence to suggest that Rs. 1,89,909 pertains to a partial refund of deposits. Therefore, the addition of Rs. 1,89,909 is confirmed. The assessee proved payment to an anesthetist, and the addition related to this payment is directed to be deleted. The assessee substantiated payment to Dr. RK as professional fees through evidence, and this addition is directed to be deleted as the expenditure was wholly and exclusively for business purposes. Regarding petrol and diesel expenditure, the assessee failed to provide specific evidence, and the addition of Rs. 1,05,230 is upheld. The salary and wages addition of Rs. 48,950 is directed to be deleted as the amount remained payable for March 2020, and the assessee provided supporting documents without any discrepancy.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
