ITAT deletes estimated disallowance on adhoc basis of salary & EB charges

Krishna Saree Vs ITO (ITAT Chennai) ITAT noted that the assessee in the relevant year 2016-17 i.e., financial year claimed salary and EB charges to the extent of Rs.17.34 lakhs and Rs.17.06 lakhs  respectively on a total turnover of Rs.5,63,46,823/-. We have also noted that in the immediate preceding year i.e., year ended 31.03.2016, the assessee has incurred salary expenses of Rs.6.60 lakhs and EB charges of Rs.2.88 lakhs as against total turnover of Rs.2,39,41,889/-. We noted that the turnover has increased more than double and consequently expenses have increased little more than doubt on ...