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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Deduction u/s 37(1) AO invoked the provisions of section 4(7) of ...

Income Tax

April 14, 2014

Deduction u/s 37(1) AO invoked the provisions of section 4(7) of the Companies Act, 1956 and reached at the conclusion that the assessee company is to be treated as public company and the managerial remuneration paid in contravention to provisions of Companies Act, 1956 was an offence/prohibited in law - deduction allowed - AT

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