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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Commission & bonus paid to Directors - as no reason to doubt ...

Income Tax

August 11, 2012

Commission & bonus paid to Directors - as no reason to doubt that what was paid to these working directors was indeed commission falling within the first part of Section 36 (1)(ii) - no substantial question of law. - HC

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  10. Disallowance u/s section 36(1)(ii) - payment in lieu of dividend - amount of commission and bonus paid to the Managing Director was an allowable business expenditure - AT

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