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Income Tax

Salary Paid and TDS Deducted, Yet Proof Still Required

Case Law Details

Case Name
ITO Vs Goverdhan Transport Company Pvt. Ltd. (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2016-17
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ITO Vs Goverdhan Transport Company Pvt. Ltd. (ITAT Delhi) Salary Paid, TDS Deducted—but Proof Still Matters: ITAT Remands Executive Remuneration Dispute The Delhi Bench of the Income Tax Appellate Tribunal remanded the issue of disallowance of executive remuneration of ₹6.98 crore back to the Assessing Officer for fresh verification, holding that while the assessee had furnished extensive documentary evidence, the same required factual examination at the assessment stage. The assessee, engaged in operating public transport buses under a public–private partnership, paid executive remunera...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,493

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