TMI Blog2002 (9) TMI 26X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs. 3,000 and Rs. 2,500 per month, respectively, by comparing their salaries with that of the salary of a peon working with the assessee-applicant?" - assessee claimed expenditure of Rs. 1,32,000 on account of payment of salary to these two sons. - we answer the question in the affirmative, i.e., in favour of the Revenue and against the assessee. - - - - - Dated:- 4-9-2002 - Judge(s) : Y. R. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th carrying on the business of buying and selling of share scrips for their investor clients and also acting as brokers for public issue and earning commission and brokerage from this activity. The entire activities were carried on at Jaipur by his three employees, two of them happen to be his sons, Sri Anoop and Sri Alok. The assessee claimed expenditure of Rs. 1,32,000 on account of payment of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsideration was getting only Rs. 1,000 p.m. just in the preceding year. So far as the paralytic attack to the assessee is concerned, it happened in the year 1983. The assessee has carried on the business even after the paralytic attack without the help of these two sons. We also notice that in the preceding year, i.e., 1991, the assessee has disclosed income of Rs. 70,000. This year he has discl ..... X X X X Extracts X X X X X X X X Extracts X X X X
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