Religious purpose exclusion versus charitable purpose: non overriding religious objects do not attract Explanation 3, registration directed under sect...
Search-assessment proviso jurisdiction, time-barred valuation reports, and denial of cross-examination vitiate valuation-based and confession-based ad...
Proceeds of crime: provisional attachment confirmed; equivalent value attachment and acquisition date fair market value upheld, Covid exclusion preser...
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Deduction for political donations was contested on grounds that the recipient party was a tainted conduit for accommodation entries; the assessee bore the onus to substantiate genuineness. The assessing officer produced no evidence of commission, reciprocal payments, or a direct nexus showing benefit to the assessee from the recipient party. On that basis the Tribunal affirmed that the addition could not be sustained and decided against the revenue, noting that CIT(A)/NFAC had previously deleted the addition for lack of proof.
Deduction for political donations was contested on grounds that the recipient party was a tainted conduit for accommodation entries; the assessee bore the onus to substantiate genuineness. The assessing officer produced no evidence of commission, reciprocal payments, or a direct nexus showing benefit to the assessee from the recipient party. On that basis the Tribunal affirmed that the addition could not be sustained and decided against the revenue, noting that CIT(A)/NFAC had previously deleted the addition for lack of proof.
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