Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
The Tribunal held that the remuneration received by the assessee, who was a whole-time director holding 13.8% shares in D-Art Furniture System Pvt. Ltd. and supervising sales, should be assessed under the head 'Salary' and not as 'Income from Other Sources'. The ITAT ruled that the company, being a juristic person governed by the Board of Directors, could be an employer while appointing the assessee as a whole-time director on a particular remuneration. The ITAT directed the Assessing Officer (AO) to allow deductions for conveyance allowance and HRA for the assessment year (AY) 2010-11. For AY 2011-12, the ITAT deleted the addition made under 'Income from Other Sources'. Regarding the bank deposit, the ITAT accepted the assessee's explanation that it was the sale consideration received from the sale of a property. However, for the disallowance of business expenditure, the ITAT restored the matter to the AO for fresh adjudication, as the assessee failed to produce bills, vouchers, or establish the genuineness of the expenditure.
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