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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Addition on account of bonus paid to the Director employee - ...


Director's Bonus Deemed Legitimate Business Decision, Not a Dividend Distribution by Shareholders.

April 12, 2019

Case Laws     Income Tax     AT

Addition on account of bonus paid to the Director employee - distribution of dividend or not - the shareholders were professionally highly qualified. Payment of bonus was a business decision and till it was not proved that same was not paid actually, it could not be disallowed.

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