2011 (7) TMI 1179

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....X APPEAL NO.4611 OF 2010 - -<br>Income Tax<br>-<br>J.P. DEVADHAR AND A.A.SAYED, JJ. Mr. J.D. Mistri, senior Advocate with A.K. Jasanii for the appellant. Mr. N.A. Kazi for the respondent. JUDGEM....

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....in disallowing expenditure on salary and other expenses amounting to &#8377; 32,46,000/- even though the said expenditure was recorded in the books of account in the course of audit and hence had been....