2001 (2) TMI 257

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....991-92. 2. The first ground of appeal relates to the disallowance of remuneration to three sons of the Karta of the assessee aggregating to Rs. 18,000. 3. The assessee, who was the proprietor in his HUF capacity is engaged in doing purchase and sale of marble goods, Zari and wood items. During the course of assessment proceedings, the AO noted that the assessee has claimed a deduction of rem....

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.... earlier the three sons of the assessee were partners in the firm, who were carrying on the same business in the name and style of M/s. Indian Handicraft Emporium, Taj Road. The firm was subsequently dissolved on 31st March, 1990, and the business was taken over by Shri Onkar Nath Gupta in his HUF capacity. Thus, the erstwhile firm became the proprietary concern of Shri Onkar Nath Gupta. It was st....

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....cluding the three sons of the assessee, but this is not the sole criterion. Many a times, it happens that enough efforts are put in to boost sales but no success is achieved. It does not mean that the remuneration payable to them is reduced. Nothing has been brought on record to suggest that the three sons of the assessee had not put in their best to boost the sales of the assessee. Under these ci....

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....ct on the profit of such export sales. However, the same was denied by the AO. In view of Explanation (aa) to s. 80HHC of the Act. On appeal, the Dy. CIT(A) also confirmed the disallowance made by the AO. The assessee is in appeal before us against the finding of the Dy. CIT(A). 7. It was argued by the learned counsel that the issue was squarely covered in favour of the assessee by the decision....