https://www.taxtmi.com/caselaws?id=332336 The Tribunal allowed the appeal filed by the assessee, directing the AO to allow the salary expenditure as a deduction for the assessment year 2009-10, subject to verification. The issue regarding the characterization of interest income was remanded back to the AO for fresh determination after verifying the nature of the assessee's business activities. en-us Mon, 12 Sep 2016 00:00:00 +0530 Thu, 15 Sep 2016 09:19:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332336 The Tribunal allowed the appeal filed by the assessee, directing the AO to allow the salary expenditure as a deduction for the assessment year 2009-10, subject to verification. The issue regarding the characterization of interest income was remanded back to the AO for fresh determination after verifying the nature of the assessee's business activities. Case-Laws Income Tax Mon, 12 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332336