https://www.taxtmi.com/caselaws?id=258384 The High Court allowed the application for condonation of delay in filing the appeal, granted exemption to file true copies of orders, and interpreted Section 260A of the Income Tax Act. The appeal challenged the disallowance under Section 40A(2)(b) for excessive salary paid to an individual. Despite the Assessing Officer's disallowance, the Commissioner of Income Tax and Income Tax Appellate Tribunal found the salary justified based on the individual's experience and contribution to the firm. The Court upheld the lower authorities' decisions, emphasizing the individual's background and role in the firm's success. en-us Tue, 03 Mar 2015 00:00:00 +0530 Tue, 07 Apr 2015 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258384 The High Court allowed the application for condonation of delay in filing the appeal, granted exemption to file true copies of orders, and interpreted Section 260A of the Income Tax Act. The appeal challenged the disallowance under Section 40A(2)(b) for excessive salary paid to an individual. Despite the Assessing Officer's disallowance, the Commissioner of Income Tax and Income Tax Appellate Tribunal found the salary justified based on the individual's experience and contribution to the firm. The Court upheld the lower authorities' decisions, emphasizing the individual's background and role in the firm's success. Case-Laws Income Tax Tue, 03 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258384