https://www.taxtmi.com/caselaws?id=70927 The Tribunal allowed the appeal of the assessee, overturning the disallowance of Rs. 60,000 from the director's remuneration under section 40A(2)(b). The Tribunal found the increase in director's remuneration justified based on the director's significant contributions to the company and commercial exigency, emphasizing the company's prerogative to manage its affairs within legal provisions. The dissenting opinion within the Tribunal highlighted the lack of inquiry into the reasonableness of the payment, ultimately leading to the conclusion that the disallowance was unjustified and unreasonable. en-us Mon, 27 Oct 2008 00:00:00 +0530 Tue, 16 Apr 2019 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70927 The Tribunal allowed the appeal of the assessee, overturning the disallowance of Rs. 60,000 from the director's remuneration under section 40A(2)(b). The Tribunal found the increase in director's remuneration justified based on the director's significant contributions to the company and commercial exigency, emphasizing the company's prerogative to manage its affairs within legal provisions. The dissenting opinion within the Tribunal highlighted the lack of inquiry into the reasonableness of the payment, ultimately leading to the conclusion that the disallowance was unjustified and unreasonable. Case-Laws Income Tax Mon, 27 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70927