TMI BlogAddition on account of directors’ remuneration being treated as excessive u/s. 40A(2) - once it is...Addition on account of directors’ remuneration being treated as excessive u/s. 40A(2) - once it is established that remuneration has been paid to directors then Revenue cannot put itself in the arm chair of a businessman to assume the role of ascertainment, how it is a reasonable remuneration having regard to the facts and circumstances of the case. Matter of commercial expediency should be left to the businessman concern or the board of directors - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
