https://www.taxtmi.com/caselaws?id=28254 The High Court upheld the Tribunal's findings that the reassessment proceedings initiated under section 147(a) of the Income-tax Act were valid for the assessment years 1961-62 to 1967-68. It was determined that there was no employer-employee relationship between the assessee-company and certain individuals, and the remuneration paid to them was not allowable as business expenditure. The payments were considered to be made for personal reasons rather than business purposes, leading to the disallowance of salary payments. The Court ruled in favor of the Revenue, affirming the Tribunal's decisions. en-us Tue, 08 Jun 1982 00:00:00 +0530 Sat, 20 Feb 2010 10:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28254 The High Court upheld the Tribunal's findings that the reassessment proceedings initiated under section 147(a) of the Income-tax Act were valid for the assessment years 1961-62 to 1967-68. It was determined that there was no employer-employee relationship between the assessee-company and certain individuals, and the remuneration paid to them was not allowable as business expenditure. The payments were considered to be made for personal reasons rather than business purposes, leading to the disallowance of salary payments. The Court ruled in favor of the Revenue, affirming the Tribunal's decisions. Case-Laws Income Tax Tue, 08 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28254