https://www.taxtmi.com/caselaws?id=71341 The Tribunal upheld the CIT(A)'s orders and dismissed the appeals for assessment years 1993-94 and 1994-95 regarding the disallowance of professional charges paid to directors who were also doctors. The Tribunal found that the payments did not qualify as allowable business expenditures under section 37(1) of the Act, emphasizing the legal distinction between application of income and diversion by an overriding title. Despite the company's arguments based on previous court decisions, the Tribunal concluded that the payments were not a case of diversion by an overriding charge, leading to the dismissal of the appeals. en-us Wed, 31 Aug 2005 00:00:00 +0530 Fri, 22 Apr 2011 17:48:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71341 The Tribunal upheld the CIT(A)'s orders and dismissed the appeals for assessment years 1993-94 and 1994-95 regarding the disallowance of professional charges paid to directors who were also doctors. The Tribunal found that the payments did not qualify as allowable business expenditures under section 37(1) of the Act, emphasizing the legal distinction between application of income and diversion by an overriding title. Despite the company's arguments based on previous court decisions, the Tribunal concluded that the payments were not a case of diversion by an overriding charge, leading to the dismissal of the appeals. Case-Laws Income Tax Wed, 31 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71341