ITAT Pune Deletes Disallowance for Salary & Partner Remuneration paid in Cash

Sonone Surgical and Ophthalmic Hospital Vs ITO (ITAT Pune) ITAT Deletes Disallowance of Cash Payments to Partners and Employees Brief Facts: The assessee, a partnership firm running a hospital, did not file a regular return of income for A.Y. 2019-20. Based on information of large transactions, the AO issued a notice u/s 148. Return was filed on 10.03.2023 declaring income of ₹34,93,220. Books were audited u/s 44AB, audit report was e-filed on 30.10.2019, but return was missed due to consultant’s oversight. During reassessment, AO noted the gross revenue was not in dispute but disallowed...