https://www.taxtmi.com/caselaws?id=800665 Political-party donation deductions are unavailable when seized material and sworn statements establish an accommodation-entry arrangement, cash repayment after commission, and the taxpayer produces no rebuttal evidence. The statutory presumption concerning seized material and the evidentiary value of search statements support treating the contribution as non-genuine. Interest on borrowed capital claimed for house construction depends on proof of actual construction and loan use; a loan labelled personal may qualify only after verification of supporting evidence. Tax-credit and professional-tax adjustments must be given effect in accordance with law. en-us Wed, 07 Oct 2026 00:00:00 +0530 Fri, 09 Oct 2026 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800665 Political-party donation deductions are unavailable when seized material and sworn statements establish an accommodation-entry arrangement, cash repayment after commission, and the taxpayer produces no rebuttal evidence. The statutory presumption concerning seized material and the evidentiary value of search statements support treating the contribution as non-genuine. Interest on borrowed capital claimed for house construction depends on proof of actual construction and loan use; a loan labelled personal may qualify only after verification of supporting evidence. Tax-credit and professional-tax adjustments must be given effect in accordance with law. Case-Laws Income Tax Wed, 07 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800665