https://www.taxtmi.com/caselaws?id=203740 Disallowance of director remuneration under Section 40(C) of the Income-tax Act was examined for Assessment Year 1982-83, where payments exceeded the prescribed limit. The issue was treated as covered by an earlier decision involving the same legal question for another assessment year, and the court followed that view. The result was that the disallowance was not sustained, and the matter was decided in favour of the assessee and against the Revenue. en-us Fri, 27 May 2011 00:00:00 +0530 Thu, 16 Jun 2011 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203740 Disallowance of director remuneration under Section 40(C) of the Income-tax Act was examined for Assessment Year 1982-83, where payments exceeded the prescribed limit. The issue was treated as covered by an earlier decision involving the same legal question for another assessment year, and the court followed that view. The result was that the disallowance was not sustained, and the matter was decided in favour of the assessee and against the Revenue. Case-Laws Income Tax Fri, 27 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203740