Dispute Over Section 40A(2) Disallowance: Directors' Past Lower Salaries Overrule Educational Qualifications and Experience.

Disallowance u/s 40A(2) - Educational qualifications and work experience of the directors were ignored as irrelevant because of the low salary/remuneration benevolently and magnanimously accepted by them in the earlier years - Professional and fair conduct in earlier years should not frowned to be treated as a ground to disallow fair and genuine payment u/s 40A(2)(a) .....

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