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Income Tax - Highlights / Catch Notes

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TP Adjustment - Excessive managerial remuneration to a related ...

Income Tax

March 21, 2024

TP Adjustment - Excessive managerial remuneration to a related party - The High Court noted that the remuneration paid to the director had not been disputed by the Revenue previously. It found that the comparison with remuneration paid by another company was improper. The ITAT's decision to disallow the addition on account of managerial remuneration was upheld.

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