https://www.taxtmi.com/caselaws?id=69682 The Tribunal upheld the Appellate Assistant CIT's decision to delete disallowances under section 40A(2)(b)(ii) and (iii) of the IT Act, 1961. It found the remuneration paid to the employee reasonable and commensurate with services rendered, rejecting Revenue's arguments for disallowance. The Tribunal emphasized the payment's consistency with an agreement from 1963 and the employee's increased remuneration due to a turnover-based commission structure. The appeals were dismissed, confirming the deletion of disallowances. en-us Tue, 01 Feb 1977 00:00:00 +0530 Mon, 11 Apr 2011 15:30:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69682 The Tribunal upheld the Appellate Assistant CIT's decision to delete disallowances under section 40A(2)(b)(ii) and (iii) of the IT Act, 1961. It found the remuneration paid to the employee reasonable and commensurate with services rendered, rejecting Revenue's arguments for disallowance. The Tribunal emphasized the payment's consistency with an agreement from 1963 and the employee's increased remuneration due to a turnover-based commission structure. The appeals were dismissed, confirming the deletion of disallowances. Case-Laws Income Tax Tue, 01 Feb 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69682