Court Rules Against Revenue Authorities on Evaluating Business Decisions, Directors' Salary Increase Disallowance Contested.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Disallowance of increase in salary of directors - AO was not convinced that the increase in turnover is only because of efforts of the Director - Revenue authorities in this case are trying to enter into the shoes of the businessman, which is not permissible.....