https://www.taxtmi.com/caselaws?id=270196 The Tribunal dismissed the Revenue's appeal, upholding the deletion of the trading addition and salary expenses made by the ld. CIT (A). The trading addition was deleted as the books of accounts/trading results could not be rejected without specific defects being identified. The Tribunal noted the consistent margin in the petroleum trading business and upheld the deletion. Regarding the salary expenses, the Tribunal agreed that the qualification of the employee justified the salary amount, emphasizing the businessman's discretion in determining reasonable compensation. en-us Tue, 10 Nov 2015 00:00:00 +0530 Thu, 31 Dec 2015 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270196 The Tribunal dismissed the Revenue's appeal, upholding the deletion of the trading addition and salary expenses made by the ld. CIT (A). The trading addition was deleted as the books of accounts/trading results could not be rejected without specific defects being identified. The Tribunal noted the consistent margin in the petroleum trading business and upheld the deletion. Regarding the salary expenses, the Tribunal agreed that the qualification of the employee justified the salary amount, emphasizing the businessman's discretion in determining reasonable compensation. Case-Laws Income Tax Tue, 10 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270196