Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2008 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (4) TMI 280 - HC - Income TaxCommission paid to the directors - there is no fixed commission that is paid to any of the directors and the amount of commission may vary depending upon the decision of the board of directors of assessee - different amounts were paid to different directors and no fixed amount was paid or determined – therefore, it is held that the commission paid to the directors cannot be said to be remuneration as contemplated by section 40(c) - disallowance was permissible in view of section 40(c)
|