Excessive or unreasonable vis a vis disallowance under section 40A(2)

0
96
disallowance under section 40A(2)

 

IT: Where Assessing Officer held that commission paid by assessee company to its director was excessive or unreasonable, thus, liable for disallowance under section 40A(2), however, Commissioner (Appeals) and Tribunal concurred in their finding that commission paid by assessee was not excessive or unreasonable keeping in view benefit derived by assessee due to services rendered by its director, since this was a subjective decision having regard to facts of case, there was no substantial question of law involved in appeal

[2018] 94 taxmann.com 93 (Madras)

HIGH COURT OF MADRAS

Principal Commissioner of Income-tax 4, Chennai

v.

Madras Engineering Industries (P.) Ltd


home  Submit Article   Ask Question

LEAVE A REPLY

Please enter your comment!
Please enter your name here