Excessive directors remuneration disallowance

  • Income Tax

Disallowance u/s 40A(2) for unreasonable increase in directors remuneration deleted

Disallowance u/s 40A(2) for unreasonable increase in directors remuneration deleted as AO not carried out exercise to determine fair remuneration…

5 years ago
  • Income Tax

No disallowance u/s 40A(2)(b) when payees assessed at maximum rate. Excessive directors remuneration disallowance quashed

In a recent judgment, Ahmedabad ITAT quashed disallowance for excessive directors remuneration stating that section 40A(2)(b) disallowance is not to be invoked when…

8 years ago