https://www.taxtmi.com/caselaws?id=238959 The Tribunal allowed the appeal of the assessee, overturning the disallowance of salary paid to managers under section 40A(2)(b) of the Income-tax Act. The Tribunal deemed the salary payment genuine and reasonable, noting the lack of evidence suggesting the managers did not provide services as claimed. The Tribunal found the disallowance amount small and decided not to remand the issue to lower authorities, ultimately accepting the claim of the assessee. en-us Fri, 05 Oct 2012 00:00:00 +0530 Thu, 24 Oct 2013 20:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238959 The Tribunal allowed the appeal of the assessee, overturning the disallowance of salary paid to managers under section 40A(2)(b) of the Income-tax Act. The Tribunal deemed the salary payment genuine and reasonable, noting the lack of evidence suggesting the managers did not provide services as claimed. The Tribunal found the disallowance amount small and decided not to remand the issue to lower authorities, ultimately accepting the claim of the assessee. Case-Laws Income Tax Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238959