Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1989 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1989 (9) TMI 162 - AT - Income TaxExtract: .......ute extra remuneration to the Managing Director. But so far as the company is concerned, the entire amount will be allowable as business expenditure. Following the ration of the Tribunal rsquo s decision in the case of Ashoka Betelnut Co. (P) Ltd., we direct the deletion of disallowance of Rs. 8,375. 21. In the result, the appeal is partly allowed.
|