1982 (1) TMI 92

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..... ctively for asst. yr. 1977-78. That the provisions of s. 40A(2) apply to these two persons is not disputed. C.K. Saboo, manager was paid a salary of Rs. 22,200 and commission of Rs. 23,353. The assessee explained that he supervises the entire business, effects sales and is an engineering graduate and rendered after sale technical services to the constituents. He has deposited fidelity security of .....

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..... 3 was paid to M.K. Saboo. It was also pointed out that the turnover had doubled after the agreement of commission was entered into. The Commr. (Appeals) was satisfied that the payment made to these two persons was not excessive and deleted the addition. 3. We have heard the ld. Deptl. Rep. and the counsel for the assessee. The written agreement provides for an annual increment of Rs. 200 per mon .....

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