Disallowance of various expenditures - CIT(A) considering the ...

Taxpayer Allowed 50% Salary Expenses by CIT(A) for Employee Payments Despite No Business Operations. No Evidence Challenging Decision.

January 4, 2021

Case Laws     Income Tax     AT

Disallowance of various expenditures - CIT(A) considering the fact that assessee need to pay salary expenditure to employees, even though there is no business operations for the year has allowed 50% salary debited into profit and loss account . The assessee has failed to file any evidences to counter finding of fact recorded by the learned CIT(A) - AT

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