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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Disallowance u/s 36(1)(ii) - payment of incentive / commission ...


High Court Upholds Consistency in Tax Treatment for Incentive Payments to 99.99% Shareholder u/s 36(1)(ii.

February 21, 2020

Case Laws     Income Tax     HC

Disallowance u/s 36(1)(ii) - payment of incentive / commission to the shareholder who held 99.99% shares of the assessee - The identical expenditures stood allowed in the preceding years as also in the succeeding assessment years - No additions on the ground of consistency - HC

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