Salary for Managing Multiple Bank A/cs Allowable u/s 57: ITAT Kolkata

Dakshin Kalikata Sansad Vs ITO (ITAT Kolkata)

Salary for Managing Multiple Bank A/cs Allowable u/s 57—CIT(A)’s Arbitrary Restriction Removed; Entire ₹7.50 Lakh Allowed

The Assessee, a historic society registered in 1949 & holding 12A registration since 2003, filed return declaring income of ₹38,410 for AY 2018-19. The case was selected for scrutiny. The Assessee earned interest income of ₹41,48

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