INCOME TAX : Where addition was made in hands of assessee engaged in hospitality business on ground that bogus expenditure was claimed towards service charges paid to its employees, since assessee submitted that as tips were given to room boys and they alone benefitted, other employees raised objection and a settlement was arrived at between employees and assessee regarding payment of service charges and he had produced annual accounts, statement of income,INCOME TAX : Where addition was made in hands of assessee engaged in hospitality business on ground that bogus expenditure was claimed towards service charges paid to its employees, since assessee submitted that as tips were given to room boys and they alone benefitted, other employees raised objection and a settlement was arrived at between employees and assessee regarding payment of service charges and he had produced annual accounts, statement of income,www.taxmann.com Latest Case LawsRead More
