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2015 (3) TMI 1194 - HC - Income TaxDisallowance of remuneration paid to four Directors - Held that:- Appeal admitted on following question of law: Whether on the facts and in the circumstances of the case, the Tribunal was right in law and in overlooking the fact that the entire exercise was revenue neutral in nature because the company as well as its Directors were taxable at the same rate and that the Directors had paid off the taxes and taking into consideration it ought not to have confirmed any part of the disallowance made by the authorities?
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