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Case Law Details

Case Name : ITO Vs Goverdhan Transport Company Pvt. Ltd. (ITAT Delhi)
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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CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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