https://www.taxtmi.com/caselaws?id=756639 ITAT Ahmedabad partially allowed the assessee's appeal regarding business expenditure deductions. The tribunal allowed proportionate salary deduction of Rs. 5,39,520 (56.20% of Rs. 9,60,000) paid to assessee's son against taxable remuneration. Insurance premium claim under section 80C was fully allowed due to lack of proper justification for disallowance. However, cash payments for salary (Rs. 16,000 monthly) and car expenses (Rs. 21,800) were disallowed under section 40A(3) provisions, with remaining additions deleted. en-us Tue, 11 Jun 2024 00:00:00 +0530 Wed, 07 Aug 2024 06:43:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756639 ITAT Ahmedabad partially allowed the assessee's appeal regarding business expenditure deductions. The tribunal allowed proportionate salary deduction of Rs. 5,39,520 (56.20% of Rs. 9,60,000) paid to assessee's son against taxable remuneration. Insurance premium claim under section 80C was fully allowed due to lack of proper justification for disallowance. However, cash payments for salary (Rs. 16,000 monthly) and car expenses (Rs. 21,800) were disallowed under section 40A(3) provisions, with remaining additions deleted. Case-Laws Income Tax Tue, 11 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756639