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Income Tax - Highlights / Catch Notes

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TP Adjustment - Excessive managerial remuneration to a related ...


High Court Upholds ITAT Decision, Rejects Revenue's Challenge on Managerial Remuneration to Related Party.

March 21, 2024

Case Laws     Income Tax     HC

TP Adjustment - Excessive managerial remuneration to a related party - The High Court noted that the remuneration paid to the director had not been disputed by the Revenue previously. It found that the comparison with remuneration paid by another company was improper. The ITAT's decision to disallow the addition on account of managerial remuneration was upheld.

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