https://www.taxtmi.com/caselaws?id=329668 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, determining the income received from Resonance Institute as professional receipts rather than salary. The ITAT emphasized the absence of an employer-employee relationship, highlighting the consultant agreement and the nature of services provided. The ITAT directed the Assessing Officer to verify and allow the professional expenses claimed by the assessee under Section 37(1) of the Income Tax Act. The appeal was partly allowed, with the issue of expenses remanded to the AO for verification and decision in accordance with the law. en-us Tue, 07 Jun 2016 00:00:00 +0530 Sat, 19 Nov 2016 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329668 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, determining the income received from Resonance Institute as professional receipts rather than salary. The ITAT emphasized the absence of an employer-employee relationship, highlighting the consultant agreement and the nature of services provided. The ITAT directed the Assessing Officer to verify and allow the professional expenses claimed by the assessee under Section 37(1) of the Income Tax Act. The appeal was partly allowed, with the issue of expenses remanded to the AO for verification and decision in accordance with the law. Case-Laws Income Tax Tue, 07 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329668