https://www.taxtmi.com/caselaws?id=471001 Salary expenditure inadvertently included in partners' salary in the return requires verification against the financial statements and partners' capital accounts. Those records indicated that only part of the claimed amount was credited as partners' salary, while the balance was stated to be staff salary. Where verification establishes that the balance was paid to employees other than partners, it is allowable as staff salary expenditure. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 17 Aug 2026 22:08:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471001 Salary expenditure inadvertently included in partners' salary in the return requires verification against the financial statements and partners' capital accounts. Those records indicated that only part of the claimed amount was credited as partners' salary, while the balance was stated to be staff salary. Where verification establishes that the balance was paid to employees other than partners, it is allowable as staff salary expenditure. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471001