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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Disallowance on account of excess claim of managerial ...

Case Laws     Income Tax

October 9, 2018

Disallowance on account of excess claim of managerial remuneration u/s 40A - Even though the appellant company may be deemed as Public Limited Company under the Companies Act, 1956 and had made default under that Act, it could not be the sole reason for making disallowance of managerial remuneration for computing the taxable income of the assessee

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