2010 (3) TMI 69

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..... nner. The Tribunal has, however, held that even if all the expenses are claimed, still there is no loss to the Revenue. – held that: The aforesaid findings are necessarily based on evidence and would not give rise to any question of law much less a substantive question of law. - 9 of 2010 - - - Dated:- 9-3-2010 - CORAM: Hon'ble Mr. Justice M.M. Kumar Hon'ble Mr. Justice Jitendra Chauha .....

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..... ect of the assessment year in question with the expenditure incurred during the previous assessment year 2004-05. The CIT(A) sought remand report from the Assessing Officer, wherein it was claimed that the profit has been inflated by showing meagre expenses. The Tribunal agreed with the view taken by the CIT(A) that non-drawing salary by the CEO was the prerogative of the assessee-company because .....

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