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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Nature of amount paid by the company to its director - temporary ...


Company's Payment to Director: Temporary Advances or Salary? AO's Decision Questioned Due to Ignoring Key Facts.

January 19, 2017

Case Laws     Income Tax     AT

Nature of amount paid by the company to its director - temporary advances or salary - AO has been overtly influenced by the explanation of the representative of the assessee without appreciating attendant facts, which clearly show that the impugned amount could not be construed as payment of salaries - AT

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