https://www.taxtmi.com/caselaws?id=24149 The case involved the assessment of salary paid to an employee for the assessment years 1977-78 and 1978-79 under section 57(iii) of the Income-tax Act, 1961. For the assessment year 1977-78, the controversy regarding the salary paid became moot after the assessee's plea was accepted post-assessment reopening. In the assessment year 1978-79, the Tribunal's disallowance of the claimed deduction for salary paid was overturned. The High Court judgment allowed various expenses, including salary, as deductible if incurred for earning income, resulting in the assessee being entitled to the deduction claimed under section 57(iii). The judgment favored the assessee, ruling against the Revenue without costs. en-us Thu, 16 Mar 1989 00:00:00 +0530 Mon, 18 Jan 2010 10:38:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24149 The case involved the assessment of salary paid to an employee for the assessment years 1977-78 and 1978-79 under section 57(iii) of the Income-tax Act, 1961. For the assessment year 1977-78, the controversy regarding the salary paid became moot after the assessee's plea was accepted post-assessment reopening. In the assessment year 1978-79, the Tribunal's disallowance of the claimed deduction for salary paid was overturned. The High Court judgment allowed various expenses, including salary, as deductible if incurred for earning income, resulting in the assessee being entitled to the deduction claimed under section 57(iii). The judgment favored the assessee, ruling against the Revenue without costs. Case-Laws Income Tax Thu, 16 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24149