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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Disallowance of commission expense paid to its employee ...


Commission Expense to Employee Directors Disallowed Due to No Dividends; Penalty u/s 271(1)(c) Deleted.

November 11, 2013

Case Laws     Income Tax     AT

Disallowance of commission expense paid to its employee directors on the ground that company had not distributed dividend in spite of there being handsome profits - Penalty u/s 271(1)(c) deleted - AT

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