https://www.taxtmi.com/caselaws?id=274426 The tribunal dismissed both appeals by the Revenue, upholding the benefit of exemption under Sections 11 and 12 of the IT Act, 1961. It found the salary payments to be justified and comparable to previous years, with no evidence of excessiveness presented. The AO's failure to substantiate the claim of excessive salary led to the dismissal of the Revenue's appeals on both grounds. en-us Wed, 07 Jun 2017 00:00:00 +0530 Mon, 13 Aug 2018 20:06:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274426 The tribunal dismissed both appeals by the Revenue, upholding the benefit of exemption under Sections 11 and 12 of the IT Act, 1961. It found the salary payments to be justified and comparable to previous years, with no evidence of excessiveness presented. The AO's failure to substantiate the claim of excessive salary led to the dismissal of the Revenue's appeals on both grounds. Case-Laws Income Tax Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274426