ITAT Allows Full Salary Deduction Due to Acceptance of 75% Expenditure by Authorities

Shanti Sri Social and Educational Foundation Vs ITO (Exemption) (ITAT Kolkata)  Appellant is a trust engaged in running a School. Out of the total Salary to teachers claimed 50% has been disallowed as excessive. Cit(A) reduced the disallowance to 25%. ITAT held that once 75% of the salary has been accepted on want of documentation, why not 100% . Entire expenditure under this head has been allowed. The appeal before the Income Tax Appellate Tribunal (ITAT), Kolkata, arose from disallowance of salary expenditure claimed by a trust engaged in running a school. The assessee, a registered society...