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2020 (2) TMI 1627 - AT - Income TaxDisallowance of bonus paid to director u/s 36(i)(ii) - higher bonus is paid to Shri Ashutosh Sharma - recipient of the bonus must have paid Income Tax on the receipt- HELD THAT:- As decided in own case for Assessment Year 2013-14 there is no merit in the AOs contention, even if the assessee arguments of double taxation and the fact of TDS is negated. Any expenditure cannot be disallowed unless it is found to be not wholly and exclusively incurred for the purposes of business. The Assessing Officer, is, therefore, directed delete the disallowance on this account. Appeal of assessee allowed.
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