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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Remuneration paid to director - Since there is no evidence that ...


Director Remuneration Requires Proof of Services Rendered; Board Resolution Alone Insufficient for Justification.

July 27, 2015

Case Laws     Income Tax     AT

Remuneration paid to director - Since there is no evidence that he has rendered any services to the assessee company, we are of the view that no remuneration can be paid to the assessee only for the simple reason that the Board has passed a resolution in this regard. - AT

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