Director Salary not excessive in absence of any material on record

Brief of the case: The assessee in this case is a registered society who paid salary to its director along with some perks in addition to the basic salary. AO doubted that excessive salary has been paid to the director and he made addition of excessive salary than the salary mentioned in the appointment letter. CIT(A) deleted the addition made by AO after examining the letter in which details of perks other than salary are mentioned. On further appeal ITAT examined the facts and held that salary paid cannot be held as excessive in absence of any material on record. Facts of the case: The asse...