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
Subscribe to:
Post Comments (Atom)
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...
-
In order to provide more avenues for transacting in mutual fund units, the SEBI has issued discussion paper on ‘Usage of pool accounts in Mu...
-
IT : Where during search conducted upon premises of assessee's cousin, key belonging to assessee's locker was found and search warra...
-
2018 Witnesses Highest FPI Registrations in Four Years from taxmann.com News http://bit.ly/2V8m1i1
No comments:
Post a Comment