ITAT Agra Deletes Salary Payable Addition of ₹3.48 Lakh under Section 56

Ankur Rice Industries Pvt. Ltd. Vs ITO (ITAT Agra)

In a recent order, the Income Tax Appellate Tribunal (ITAT) of Agra, in the case of Ankur Rice Industries Pvt. Ltd. Vs ITO, ruled in favor of the assessee by deleting a tax addition of Rs 3,48,918. The appeal, designated as ITA No. 118/AGR/2025, pertained to the assessment year 2016-17. The core issue before the tribunal was whether the Assessing Officer (AO) was justified in treating the amount of “salary payable” as income under Section 56 of the Income-tax Act, 1961.

The background of the case

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