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2021 (7) TMI 354 - HC - Income TaxDisallowance of expenditure on commission payment to the whole-time Managing Director - Tribunal deleted the addition receiving fixed salary and other related benefits and also holding 95% of total shares of the assessee company entitled for receipt of dividend declared by the assessee company u/s 36(1)(ii) - whole time Managing Director of the assessee company who is in receipt of the fixed salary and other salary benefits like other employees of the assessee company is not an employee of the assessee company - HELD THAT:- Issue decided in favour of assessee as relying on M/S. TRUE VALUE HOMES (INDIA) PVT. LTD. [2021 (3) TMI 1221 - MADRAS HIGH COURT]
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