Disallowance u/s 40A(2)(b) - excessive remuneration - AO had not ...

Case Laws Income Tax

May 19, 2015

Disallowance u/s 40A(2)(b) - excessive remuneration - AO had not brought any material on record to substantiate that as to how and in what manner the remuneration paid to the Directors was excessive. He had also not given any basis for allowing the remuneration @ 20% of the total receipts - No addition - AT

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Disallowance u/s 40A(2)(b) - excessive remuneration - AO had not ...

Case Laws Income Tax

May 19, 2015

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