https://www.taxtmi.com/caselaws?id=58801 The Tribunal partially allowed the appeals, overturning disallowances under Section 40A(3) for cash salaries exceeding Rs. 2,500 due to genuine payments with identifiable payees. However, it upheld the inclusion of Muscat Branch profits in relevant assessment years and disallowance of depreciation on foreign cars. The disallowance of salary to Mr. Z.M. Kadri under Section 40A(2) was reversed, as he was a regular employee. Disallowance of salary and perquisites to Mrs. V.I. Kadri was reduced based on her experience and justified salary. The issue of interest under Section 215 was deemed consequential. en-us Fri, 12 Jan 1990 00:00:00 +0530 Sun, 06 Feb 2011 03:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58801 The Tribunal partially allowed the appeals, overturning disallowances under Section 40A(3) for cash salaries exceeding Rs. 2,500 due to genuine payments with identifiable payees. However, it upheld the inclusion of Muscat Branch profits in relevant assessment years and disallowance of depreciation on foreign cars. The disallowance of salary to Mr. Z.M. Kadri under Section 40A(2) was reversed, as he was a regular employee. Disallowance of salary and perquisites to Mrs. V.I. Kadri was reduced based on her experience and justified salary. The issue of interest under Section 215 was deemed consequential. Case-Laws Income Tax Fri, 12 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58801