https://www.taxtmi.com/caselaws?id=771201 ITAT Delhi upheld CIT(A)'s decision reversing AO's disallowances for a charitable trust. The tribunal confirmed that 50% salary disallowance to specified persons was unjustified without evidence of fair market value, noting recipients paid taxes at maximum rates making it revenue-neutral. Professional charges to an experienced consultant were deemed reasonable. The tribunal reversed CIT(A)'s 20% disallowance on payments to specified concerns, finding no credible basis for estimation and applying consistency principle. Foreign investment in Dubai branch was allowed as assessee obtained proper approvals and didn't claim exemption for foreign expenditure. Capital expenditure treatment and 15% income retention for charitable purposes were correctly allowed under sections 11/12. en-us Mon, 17 Mar 2025 00:00:00 +0530 Thu, 22 May 2025 08:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771201 ITAT Delhi upheld CIT(A)'s decision reversing AO's disallowances for a charitable trust. The tribunal confirmed that 50% salary disallowance to specified persons was unjustified without evidence of fair market value, noting recipients paid taxes at maximum rates making it revenue-neutral. Professional charges to an experienced consultant were deemed reasonable. The tribunal reversed CIT(A)'s 20% disallowance on payments to specified concerns, finding no credible basis for estimation and applying consistency principle. Foreign investment in Dubai branch was allowed as assessee obtained proper approvals and didn't claim exemption for foreign expenditure. Capital expenditure treatment and 15% income retention for charitable purposes were correctly allowed under sections 11/12. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771201