Addition u/s 36(1)(ii) - payment of incentive to the Chairman ...

Income Tax

August 24, 2021

Addition u/s 36(1)(ii) - payment of incentive to the Chairman and Managing director - CMD having substantive share holding - If it was a dividend which was paid in the name of incentive, similar payments would have been made to the other shareholders of the company. However, this is not the case. The allegation of Ld. AO that there was violation of the provisions of The Companies Act, is not supported by any concrete material on record. - No additions can be made - AT

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Addition u/s 36(1)(ii) - payment of incentive to the Chairman ...

Income Tax

August 24, 2021

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