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2017 (6) TMI 1247 - AT - Income TaxExemption u/s 11 - question of payment of excessive salary to the persons specified u/s 13(3) - Held that:- The Ld. CIT(A), after considering the submissions has given a finding that salary paid to these persons are comparable to earlier years with yearly increase of 10% assessment of the trust for the assessment year 2006-07 and 2011-12 were framed u/s 143(3) wherein the salary to these persons were accepted. The Assessing Officer has not given any justification except saying that the salary cannot be higher than salary of the Principal. - Benefit cannot be denied - Decided in favor of assessee.
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