2017 (9) TMI 1520

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....hri Arun Kumar Yadav, Senior DR ORDER PER KULDIP SINGH, JUDICIAL MEMBER : Appellant, Deputy Commissioner of Income-tax, Circle 8(1), New Delhi (hereinafter referred to as 'the Revenue'), by filing the present appeal sought to set aside the impugned order dated 03.07.2014 passed by the Commissioner of Income-tax (Appeals)- XI, New Delhi, for the Assessment Year 2011-12 on the grounds inter....

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....sp;   Shri Arindam Ganguly   1,82,500 2009-10 -do- 27,81,720 4,05,000         2010-11 -do- 73,57,484 13,76,000 3. AO, being dis-satisfied with the explanation furnished by the assessee company, made addition of Rs. 45,90,748/- by disallowing the same u/s 40A(2)(b) of the Income-tax Act, 1....

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....rendered by Shri Tilak Mukherji, Dr. U.V. Somayajulu and advise given by Shri Arindam Ganguly; that no comparable case has been brought on record by the AO to establish that the payments made to these persons were excessive and unreasonable; that all the three Directors have extensive experience in their areas and work, being highly qualified, and they were getting comparable salaries from previou....

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.... year under assessment. Whereas when assessee company has paid salary to Shri Tilak Mukherji and Dr. U.V. Somayajulu to the tune of Rs. 14,32,391/-, Rs. 27,81,720/- & Rs. 73,57,484 in FY 2008-09, 2009-10 & 2010-11 respectively and fees paid to Shri Arindam Ganguly to the tune of Rs. 1,82,500/-, Rs. 4,05,000/- & Rs. 13,76,000/- in FY 2008-09, 2009-10 & 2010-11 respectively which is an increase in t....