Friday, June 15, 2018

No question of law involved if lower authorities held that commission paid to directors wasn't excessive: HC

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

from www.taxmann.com Latest Case Laws https://ift.tt/2thqm5t

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