Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
The ITAT allowed the assessee's appeals on the following grounds: 1) Regarding exemption u/s 11 for charitable activity, the matter was referred to the AO to examine allowability in view of the SC decision in ACIT vs. Ahmedabad Urban Development Authority on computation of receipts from trade/business. 2) The write-off of non-recoverable amounts from terminated members was allowed as the security deposits were non-refundable and taken into the assessee's corpus, and the dues were already shown as income.
The ITAT allowed the assessee's appeals on the following grounds: 1) Regarding exemption u/s 11 for charitable activity, the matter was referred to the AO to examine allowability in view of the SC decision in ACIT vs. Ahmedabad Urban Development Authority on computation of receipts from trade/business. 2) The write-off of non-recoverable amounts from terminated members was allowed as the security deposits were non-refundable and taken into the assessee's corpus, and the dues were already shown as income.
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