Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
The ITAT addressed issues regarding exemption u/s 11 for excessive payments of salary and rent to persons specified u/s 13(3). The CIT(A) deleted the addition of excessive salary paid to a clerk, justifying it based on the clerk's qualifications and experience. The AO's disallowance of rent payments was overturned as the market rental report supported the payments. The ITAT upheld the CIT(A)'s decision, stating no basis for the AO's additions u/s 13(3). The ITAT concluded that the payments were not excessive u/s 13(3), allowing the exemption u/s 11. The appeal of the assessee was allowed.
The ITAT addressed issues regarding exemption u/s 11 for excessive payments of salary and rent to persons specified u/s 13(3). The CIT(A) deleted the addition of excessive salary paid to a clerk, justifying it based on the clerk's qualifications and experience. The AO's disallowance of rent payments was overturned as the market rental report supported the payments. The ITAT upheld the CIT(A)'s decision, stating no basis for the AO's additions u/s 13(3). The ITAT concluded that the payments were not excessive u/s 13(3), allowing the exemption u/s 11. The appeal of the assessee was allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
