TMI BlogAssessing Officer wrongly disallowed two-thirds of remuneration for charitable society members u/s 13(3) of Income Tax Act. (3.Excessive payment made to persons specified in section 13(3) - charitable society - AO was not justified in disallowing 2/3rd of the expenditure incurred in the remuneration of the four persons u/s 40A(ii)(b) of the Act. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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