https://www.taxtmi.com/caselaws?id=193379 The case involved issues of disallowance of salary expenses and alleged bogus share application money. The court ruled in favor of the assessee on both counts. It found the salaries reasonable and commensurate with qualifications and work done, with detailed employee information provided. Regarding the share application money, the court criticized the Revenue for lack of investigation and verification, emphasizing the importance of thorough inquiries and substantial evidence in tax matters. The appeal was dismissed, with no question of law arising on either issue. en-us Wed, 16 May 2012 00:00:00 +0530 Mon, 28 Aug 2017 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193379 The case involved issues of disallowance of salary expenses and alleged bogus share application money. The court ruled in favor of the assessee on both counts. It found the salaries reasonable and commensurate with qualifications and work done, with detailed employee information provided. Regarding the share application money, the court criticized the Revenue for lack of investigation and verification, emphasizing the importance of thorough inquiries and substantial evidence in tax matters. The appeal was dismissed, with no question of law arising on either issue. Case-Laws Income Tax Wed, 16 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193379