Disallowance of salary paid to directors u/s 40A(2) - Neither of ...

Court Overturns Disallowance of Directors' Salaries; Business Necessity Not Considered u/s 40A(2) for Financial Operations.

February 8, 2019

Case Laws Income Tax AT

Disallowance of salary paid to directors u/s 40A(2) - Neither of the lower authorities has taken into account assessee’s business requirement of availing its directors’ services for effective management of its business operations in non-banking financial activities - additions deleted.

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Disallowance of salary paid to directors u/s 40A(2) - Neither of ...

Court Overturns Disallowance of Directors' Salaries; Business Necessity Not Considered u/s 40A(2) for Financial Operations.

February 8, 2019

Case Laws Income Tax AT

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