Tuesday, 5 January 2016

No disallowance of commission paid to directors for extra efforts considering it as tool to avoid di

IT: When directors of assessee company had given services and in recognition thereof, there was payment of commission to them, it could not be questioned merely on basis of speculation by revenue that same was to avoid payment of dividend tax and, consequently, impugned disallowance made under section 36(1)(ii) deserved to be deleted

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