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2014 (8) TMI 717 - AT - Income TaxRemuneration paid to trustee u/s 13(1)(c) and 13(3)(cc) disallowed – Adequate remuneration paid against the services provided – Held that:- The revenue could not bring any material to controvert the contentions of the assessee - the total receipts of the assessee trust were to the tune of ₹ 443.24 lakhs during the year and the activity undertaken by the assessee trust was to the tune of ₹ 469.87 lakhs - the remuneration of ₹ 4,80,000/- which is about 1% of the total value of activities of the trust for looking after which the same was paid, cannot be said to be excessive or unreasonable – revenue could not controvert that the remuneration of ₹ 4,80,000/- per year was paid to the trustee by the trust in earlier years also for rendering similar services which were allowed by the Department since AY 2003-04 - in absence of any material brought to show that the remuneration paid to Shri Anantbhai K. Shah for actually rendering services as full time secretary of the trust was in excess of the amount which can be reasonably paid for services – Decided in favour of Assessee.
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