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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Disallowance u/s section 36(1)(ii) - payment in lieu of dividend ...


Managing Director's Commission and Bonus Confirmed as Allowable Business Expenses u/s 36(1)(ii) of Income Tax Act.

July 31, 2012

Case Laws     Income Tax     AT

Disallowance u/s section 36(1)(ii) - payment in lieu of dividend - amount of commission and bonus paid to the Managing Director was an allowable business expenditure - AT

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