https://www.taxtmi.com/caselaws?id=69361 The Tribunal ruled in favor of the assessee, deleting the additions of Rs. 40,500 as managerial remuneration and Rs. 46,636 as guarantee commission from the income for the assessment year 1978-79. The Tribunal held that without Government approval, the proposed remuneration and commission were provisional and did not constitute accrued income, as they were subject to approval under the Companies Act. en-us Sat, 26 Mar 1983 00:00:00 +0530 Wed, 06 Apr 2011 13:24:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69361 The Tribunal ruled in favor of the assessee, deleting the additions of Rs. 40,500 as managerial remuneration and Rs. 46,636 as guarantee commission from the income for the assessment year 1978-79. The Tribunal held that without Government approval, the proposed remuneration and commission were provisional and did not constitute accrued income, as they were subject to approval under the Companies Act. Case-Laws Income Tax Sat, 26 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69361