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Income Tax - Highlights / Catch Notes

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Disallowances of working Director’s commission on profits - ...


Director's Commission on Profits Not Deductible u/s 36(1)(ii) of Income Tax Act.

September 14, 2023

Case Laws     Income Tax     AT

Disallowances of working Director’s commission on profits - Whether eligible as deduction u/s 36(1)(ii)? - the payment of commission to the Director could not have been paid to him as profit or dividend. Hence, the provision of section 36(1)(ii) of the Act are not applicable at all. - AT

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