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Staf salary alowable whn investment co.earning int. income??

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(Querist)
04 December 2014 in case of investment company, earning only interest income as shown in business & profession.. can a salary expense is deductible from interest income????
is there any case law where salary exp is disallowed by assessing officer and the same is allowed in any further appeal?????
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
04 December 2014 salary as paif to ur employee for doing ur business work is allowed so.
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Deepak

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Deepak (Querist)
04 December 2014 is there any case law???
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
04 December 2014 law is quiet clear that business exp is allowed to be deducted then yu want case law and law prevails over case law.
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