[aaykarbhavan] Higher salary bill couldn't be disallowed on pretext of odd trend if it was genuinely incurred for business

Higher salary bill couldn't be disallowed on pretext of odd trend if it was genuinely incurred for business

April 24, 2014[2014] 44 taxmann.com 169 (Hyderabad - Trib.)

IT-I : Where assessee claimed deduction of higher salary expenditure on account of change in business profile, since said claim was supported by necessary statements and vouchers, disallowance of a part of said expenditure on basis of percentage of salary expenditure claimed on domestic turnover in earlier year, could not be sustained

IT-II : In view of fact that there was overwhelming evidence that assessee had made payments to non-resident company as part of business transactions, plea raised by revenue relating to genuineness of expenses could not be entertained

 

Regards

Prarthana Jalan

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