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Showing contexts for: turnover decrease in Dcit 29(1), Mumbai vs Dinesh M Shah, Mumbai on 22 February, 2017Matching Fragments
6. The appellant craves leave to add, to amend, alter, substitute or modify any of the above ground or add a fresh ground as and when found necessary either before or at the time of hearing."3
Shri Dinesh M Shah
2. The first ground relates to the disallowance of salary expenses incurred by the assessee to its employees on the ground that the increase in salary is manyfold, but there is decrease in turnover during the year. On appeal the Ld. CIT (Appeals) deleted the disallowance taking note of the fact that the assessing officer has not disputed the incurring of expenditure by the assessee.