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No reassessment merely on ground that company had paid excessive salaries to its employees

July 3, 2019[2019] 108 275 (Gujarat)/[2019] 266 Taxman 160 (Gujarat)

INCOME TAX: Where AO initiated reassessment proceedings on ground that assessee had debited higher amount of salaries paid to employees in profit and loss account as against actual payment of salaries mentioned in salary register, in view of fact that assessee had submitted all relevant facts in respect of salary expenditure at time of completing assessment and moreover assessee had also filed a reconciliation statement showing that amount paid as per salary registers was same as debited in profit and loss account, impugned reassessment proceedings deserved to be quashed
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