https://www.taxtmi.com/highlights?id=73233 Disallowance of salary expenses u/s 40A(2)(b) to relatives of the Directors - AO cannot sit on the arm chair of the assessee-company`s Board of Directors and decide that who is reliable persons and how much salary is to be paid for the loyalty. - Payment of salary by assessee does not exceed the fair market value prevailing in the market - Additions deleted - AT en-us Sat, 25 Nov 2023 07:33:53 +0530 Sun, 26 Nov 2023 20:23:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73233 Disallowance of salary expenses u/s 40A(2)(b) to relatives of the Directors - AO cannot sit on the arm chair of the assessee-company`s Board of Directors and decide that who is reliable persons and how much salary is to be paid for the loyalty. - Payment of salary by assessee does not exceed the fair market value prevailing in the market - Additions deleted - AT Highlights Income Tax Sat, 25 Nov 2023 07:33:53 +0530 https://www.taxtmi.com/highlights?id=73233