https://www.taxtmi.com/caselaws?id=36447 The High Court held that the Income-tax Appellate Tribunal's decisions to delete the additions made by the Income-tax Officer for the assessment years 1973-74 and 1974-75 were not justified. The Court emphasized that the burden of proof rested with the assessee to demonstrate the reasonableness of the remuneration paid to the managing director, and in the absence of such evidence, the disallowances were deemed appropriate. The Court ruled in favor of the revenue, answering the questions against the assessee and upholding the disallowances made by the Income-tax Officer. en-us Tue, 17 Jun 1980 00:00:00 +0530 Mon, 22 Mar 2010 13:46:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36447 The High Court held that the Income-tax Appellate Tribunal's decisions to delete the additions made by the Income-tax Officer for the assessment years 1973-74 and 1974-75 were not justified. The Court emphasized that the burden of proof rested with the assessee to demonstrate the reasonableness of the remuneration paid to the managing director, and in the absence of such evidence, the disallowances were deemed appropriate. The Court ruled in favor of the revenue, answering the questions against the assessee and upholding the disallowances made by the Income-tax Officer. Case-Laws Income Tax Tue, 17 Jun 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36447