Thursday, September 17, 2020

Sum paid to employees which was duly recorded in ‘Register of wages of person employed’ couldn’t be questioned

INCOME TAX : Where addition was made in hands of assessee engaged in hospitality business on ground that bogus expenditure was claimed towards service charges paid to its employees, since assessee submitted that as tips were given to room boys and they alone benefitted, other employees raised objection and a settlement was arrived at between employees and assessee regarding payment of service charges and he had produced annual accounts, statement of income,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000195891/sum-paid-to-employees-which-was-duly-recorded-in-‘register-of-wages-of-person-employed’-couldn’t-be-questioned.aspx

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...