Court rules commission paid to Managing Director not dividend or bonus

The High Court of Delhi dismissed the appeal related to Assessment Year 2008-09, affirming that the commission paid by M/s Spirotech Heat Exchangers Private Limited to its Managing Director/Director (Operations) was not considered as dividend or bonus. The appeal was dismissed in limine based on a previous decision.

---

---

The High Court of Delhi dismissed the appeal related to Assessment Year 2008-09, citing a previous decision. The respondent, M/s Spirotech Heat Exchangers Private Limited, paid commission to its Managing Director/Director (Operations) for services rendered, which was deemed not to be dividend or bonus. The appeal was dismissed in limine.

---