https://www.taxtmi.com/caselaws?id=371286 The Tribunal partly allowed the appeal, confirming the disallowance of salary to employees due to lack of substantiating evidence. However, the exemption under sections 11, 12, and 13 of the Income Tax Act was granted as the conditions for exemption were met. Additionally, the disallowance of depreciation on fixed assets was overturned in favor of the assessee based on applicable case law. The Tribunal's decision was grounded in a thorough review of evidence and legal principles. en-us Wed, 28 Nov 2018 00:00:00 +0530 Fri, 30 Nov 2018 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371286 The Tribunal partly allowed the appeal, confirming the disallowance of salary to employees due to lack of substantiating evidence. However, the exemption under sections 11, 12, and 13 of the Income Tax Act was granted as the conditions for exemption were met. Additionally, the disallowance of depreciation on fixed assets was overturned in favor of the assessee based on applicable case law. The Tribunal's decision was grounded in a thorough review of evidence and legal principles. Case-Laws Income Tax Wed, 28 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371286