https://www.taxtmi.com/caselaws?id=67440 The Tribunal upheld the Commissioner (Appeals)'s decision to allow the expenditure incurred on a Delhi flat for business purposes due to evidence of board meetings being held there. The disallowance of salary paid to Shri Harishchand was rejected as he provided services to the company. The issue of interest calculated on a compound basis was resolved in favor of the assessee, as the seized document did not prove the charging of compound interest. Consequently, all appeals were dismissed. en-us Sat, 21 Apr 1984 00:00:00 +0530 Thu, 10 Mar 2011 16:15:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67440 The Tribunal upheld the Commissioner (Appeals)'s decision to allow the expenditure incurred on a Delhi flat for business purposes due to evidence of board meetings being held there. The disallowance of salary paid to Shri Harishchand was rejected as he provided services to the company. The issue of interest calculated on a compound basis was resolved in favor of the assessee, as the seized document did not prove the charging of compound interest. Consequently, all appeals were dismissed. Case-Laws Income Tax Sat, 21 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67440