Addition made on account of performance related pay provisions ...

Director's Performance Pay Deemed Legitimate Expense; Disallowance Found Unjustified Under Assessee Records.

October 5, 2015

Case Laws Income Tax AT

Addition made on account of performance related pay provisions to directors and staff - ascertained liability - there is no reason for disallowing the expenses claimed regarding payment of PRP to the Director since records of the assessee show that they are bonafide expenses which was crystallised. - AT

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Addition made on account of performance related pay provisions ...

Director's Performance Pay Deemed Legitimate Expense; Disallowance Found Unjustified Under Assessee Records.

October 5, 2015

Case Laws Income Tax AT

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