https://www.taxtmi.com/caselaws?id=416102 The appeal was partly allowed regarding the bonus and salaries disallowance, with the Tribunal directing the AO to allow the claim of bonus amounting to Rs. 15,75,000 paid before the due date. The disallowance of salaries was reduced to 8% of the expenditure. However, the addition of Rs. 65,000 as unexplained investment in the capital account was upheld due to lack of documentary evidence. The Tribunal's decision was pronounced on 26th November 2021. en-us Fri, 26 Nov 2021 00:00:00 +0530 Tue, 21 Dec 2021 08:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416102 The appeal was partly allowed regarding the bonus and salaries disallowance, with the Tribunal directing the AO to allow the claim of bonus amounting to Rs. 15,75,000 paid before the due date. The disallowance of salaries was reduced to 8% of the expenditure. However, the addition of Rs. 65,000 as unexplained investment in the capital account was upheld due to lack of documentary evidence. The Tribunal's decision was pronounced on 26th November 2021. Case-Laws Income Tax Fri, 26 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416102