https://www.taxtmi.com/caselaws?id=390846 The Revenue's appeals challenging various disallowances in the assessment years 2010-2011 and 2011-2012 were mostly dismissed by the Tribunal. The disallowance of salaries paid to relatives of the Director, excess remuneration to Directors, profit on sale of agricultural land, and forfeiture of advance for property acquisition were all found in favor of the assessee. However, the disallowance of ROC fees as capital expenditure was upheld. The Tribunal remanded the issue of TDS default back to the assessing officer for verification and directed reconsideration of the capital loss issue. The disallowance under section 37 and tour and travel expenses were upheld against the assessee. en-us Mon, 30 Dec 2019 00:00:00 +0530 Mon, 13 Jan 2020 07:51:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390846 The Revenue's appeals challenging various disallowances in the assessment years 2010-2011 and 2011-2012 were mostly dismissed by the Tribunal. The disallowance of salaries paid to relatives of the Director, excess remuneration to Directors, profit on sale of agricultural land, and forfeiture of advance for property acquisition were all found in favor of the assessee. However, the disallowance of ROC fees as capital expenditure was upheld. The Tribunal remanded the issue of TDS default back to the assessing officer for verification and directed reconsideration of the capital loss issue. The disallowance under section 37 and tour and travel expenses were upheld against the assessee. Case-Laws Income Tax Mon, 30 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390846