https://www.taxtmi.com/caselaws?id=780687 Director's remuneration recorded in the books and taxed in the recipient's hands could not be disallowed as excessive or sham solely on a subsequently retracted search statement, absent corroborative evidence. The disallowance was deleted because the payment was not shown to cause revenue loss and was revenue-neutral. Alleged unaccounted cash sales inferred from WhatsApp chats also could not support an addition where the digital material lacked reliable authentication, no meaningful independent verification was made, and the books and invoices were not displaced by positive evidence. The addition based on estimated profit was deleted. Both disputed additions were removed. en-us Thu, 30 Oct 2025 00:00:00 +0530 Tue, 04 Nov 2025 08:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780687 Director's remuneration recorded in the books and taxed in the recipient's hands could not be disallowed as excessive or sham solely on a subsequently retracted search statement, absent corroborative evidence. The disallowance was deleted because the payment was not shown to cause revenue loss and was revenue-neutral. Alleged unaccounted cash sales inferred from WhatsApp chats also could not support an addition where the digital material lacked reliable authentication, no meaningful independent verification was made, and the books and invoices were not displaced by positive evidence. The addition based on estimated profit was deleted. Both disputed additions were removed. Case-Laws Income Tax Thu, 30 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780687