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2018 (3) TMI 387 - HC - Income TaxDisallowance of sum paid to director of the company - only reason for disallowance was that in the previous year they have not made any such claim - Held that:- Upon examination of the entire record and the CIT's order as well as the Tribunal's order, it appears that she was doing the work of promotion for selling flats and for this purpose she had been paid. The amount paid to her was named as 'liaisoning fee'. Each year stands on its own footing and showed the expenditure and income. The amount which was earned by the Director Asha Peterson was disclosed and declared by her in her income tax return and was paid tax on it. The Tribunal also recorded a finding of fact that the business of the assessee was of selling flats and flats had been booked in that year and had been sold and her services had been used for selling of those flats. In view of the finding of the fact recorded by the Tribunal it cannot be said that any part of provision of Section 37(1) were contravened. We, therefore, upheld the finding and reasoning adopted by the Tribunal. - Decided in favour of assessee
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