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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Addition on account of amount paid to Directors of the company ...

Case Laws     Income Tax

April 25, 2018

Addition on account of amount paid to Directors of the company as commission and exgratia - allowable expenditure u/s 36(1)(ii) as well as section 37(1) - AO has not established that such commission or exgratia paid to directors, who are also shareholders, was payable as profits or dividend of the company - No additions can be made - AT

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