No reassessment if adequate disclosures on sum paid to MD apart from remuneration were made: HC

INCOME TAX : Where AO issued a reopening notice on ground that assessee company had paid a sum of huge amount to his managing director apart from directors remuneration and same was to be disallowed under section 36(1)(ii), since assessee had made adequate disclosures during original assessment and based on same its assessment was completed and, further,

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