Disallowance of remuneration paid to relatives of the trustees - ...

Case Laws Income Tax

February 21, 2013

Disallowance of remuneration paid to relatives of the trustees - in the past also such type of payments were made and it was accepted by the department in scrutiny assessments - no violation of provisions of section 13(1)(c) proved - AT

View Source

← Previous Next →

Disallowance of remuneration paid to relatives of the trustees - ...

Case Laws Income Tax

February 21, 2013

You may also like:

Charitable trust was denied exemption u/ss 11 and 12 due to disallowance of salary/honorarium paid to trustees u/s 13(1)(c) read with Section 13(3) and 164(2), invoking...

Addition u/s 40A (2) (b) - exponential increase in the Directors’ remuneration - CBDT Circular clearly states that no disallowance is to be made u/s 40A (2) in respect...

Disallowing excess directors remuneration - sum paid towards directors remuneration and that is to the extent of 80% of the net profit - the AO has not carried out any...

The assessee is liable to levy of penalty u/s 271(1)(c) on the expenditure incurred on Foreign Tour of the trustees, scholarship given to the relatives of the trustees...

Disallowance of salary paid to director - There is no tax evasion and there is reasonableness of managerial remuneration. - higher remuneration - Now no approval is...

Disallowance made u/s 40A (2) (b) on account of payment of administrative charges paid to TACL - excessive or unreasonable expenditure - assessee i.e NLT had received...

TDS u/s 195 - use of logo - license fee payment without deducting TDS SUPIMA, USA - Agreement clearly shows that the payment is made by the assessee to use the Logo of...

Disallowance of commission paid - the payments were made by an agent and there was no evidence to suggest that the assessee had made any illegal commission payment to...

Denying exemption u/s 11 - violation of Section 13(1)(c) - The breach of Section 13(1)(c) of the Act as alleged by the department is based on the remuneration paid to...

This circular clarifies the scope of regularization on an "as is" or "as is, where is" basis mentioned in previous GST circulars issued based on GST Council...

TDS u/s 194J - non deduction of TDS from payments made to Guest faculties - the remuneration paid to Guest Faculty is drawn from contingency/wages head in the light of...

Disallowance of remuneration paid to working partners - instead of specified remuneration in the partnership deed, it is linked to provisions of section 40(b)(v) income...

Disallowance of remuneration paid to the Directors - The A.O. has not indicated as to how the turnover could be a sound basis for comparison of remuneration - AT

Disallowance u/s 14A - Disallowance made on account of interest expenditure - AO has not made any disallowance on account of interest expenditure u/s 14A of the I.T. Act...

Addition on interest expenditure - principle of “consistency” - interest in the nature of penalty - when on identical facts, the Department has not made any disallowance...

Quick Updates: