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1972 (6) TMI 18 - HC - Income TaxExpenditures - commission and bonus paid to the managing director – reasonableness of the expenditure claimed under various sub-clauses (i) to (xv) of section 10 should be decided with reference to section 10(4A) - totality of the allowance claimed towards remuneration etc. to a director has to be considered under section 10(4A) - since there is a specific provision in section 10(2)(x) dealing with commission, it cannot be treated as part of the salary and section 10(2)(xv) can be applied - Bonus paid to a managing director will attract section 10(4A) besides section 10(2)(x) and it must satisfy the conditions laid therein
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