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Income Tax - Highlights / Catch Notes

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Dis-allowance u/s 40A(2)(a) - remuneration paid to Directors - ...


Director's Remuneration Not Disallowed u/s 40A(2)(a) Due to Lack of Evidence of Excessiveness or Unreasonableness.

June 29, 2012

Case Laws     Income Tax     AT

Dis-allowance u/s 40A(2)(a) - remuneration paid to Directors - in absence of material on record to hold that payment of remuneration @ Rs. 3 lacs pm to the director was excessive or unreasonable, no dis-allowance - AT

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