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Addition on account of amount paid to Directors of the company as commission and exgratia - allowable expenditure u/s 36(1)(ii) as well as section 37(1) - AO has not established that such commission or exgratia paid to directors, who are also shareholders, was payable as profits or dividend of the company - No additions can be made - Tri

Income Tax
April 25, 2018

Addition on account of amount paid to Directors of the company as commission and exgratia - allowable expenditure u/s 36(1)(ii) as well as section 37(1) - AO has not established that such commission or exgratia paid to directors, who are also shareholders, was payable as profits or dividend of the company - No additions can be made - Tri

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