https://www.taxtmi.com/highlights?id=54690 Genuineness of expenditure - payment in cash for temporary employees - Due credence should be given to the Memorandum of Settlement recorded in the presence of the Labour Officer. If according to the Assessing Officer, this statement is also a bogus document, then he ought to have recorded such a finding. However, law prohibits him from doing so because of the binding effect of the settlement on the management and the workmen. Therefore, in our considered view, the settlement could not have been brushed aside. - HC en-us Wed, 09 Sep 2020 11:27:23 +0530 Wed, 09 Sep 2020 11:27:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54690 Genuineness of expenditure - payment in cash for temporary employees - Due credence should be given to the Memorandum of Settlement recorded in the presence of the Labour Officer. If according to the Assessing Officer, this statement is also a bogus document, then he ought to have recorded such a finding. However, law prohibits him from doing so because of the binding effect of the settlement on the management and the workmen. Therefore, in our considered view, the settlement could not have been brushed aside. - HC Highlights Income Tax Wed, 09 Sep 2020 11:27:23 +0530 https://www.taxtmi.com/highlights?id=54690