Addition u/s 40A - excessive or unreasonable expenditure - ...

Court Finds No Basis for Excessive Commission Deductions u/s 40A; Lacks Clear Guidelines for Reasonableness.

May 19, 2018

Case Laws     Income Tax     HC

Addition u/s 40A - excessive or unreasonable expenditure - Deduction from the income of payments of commission made to the Directors/Managing Director of the respondent assessee - There is no yardstick or guideline for judging when the expenditure incurred by the assessee would be excessive or unreasonable. - No additions - HC

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