Addition on commission paid to the Managing Director of the ...

Managing Director's Commission u/s 36(1)(ii) Reviewed: Not Solely Shareholders, Exception Does Not Apply.

August 31, 2015

Case Laws Income Tax AT

Addition on commission paid to the Managing Director of the assessee company, u/s 36(1)(ii)- The directors are not only shareholders of the company. Therefore, it cannot be said that if the commission was not paid, such sum would have been paid to the employees as profit or dividend - the exception provided in section 36(1)(ii) do not apply - AT

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Addition on commission paid to the Managing Director of the ...

Managing Director's Commission u/s 36(1)(ii) Reviewed: Not Solely Shareholders, Exception Does Not Apply.

August 31, 2015

Case Laws Income Tax AT

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