https://www.taxtmi.com/caselaws?id=206155 The Tribunal held that the payment of Rs. 1.20 crores as commission to the directors was in lieu of dividends and not allowable under section 36(1)(ii) of the Income Tax Act. Additionally, the Tribunal concluded that the payment of commission to the directors was rightly considered under section 36(1)(ii) and not under section 37(1). Consequently, the appeal of the assessee was dismissed, and the deduction for the commission payment was not allowed under either section 36(1)(ii) or section 37(1). en-us Wed, 22 Jun 2011 00:00:00 +0530 Wed, 04 May 2016 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206155 The Tribunal held that the payment of Rs. 1.20 crores as commission to the directors was in lieu of dividends and not allowable under section 36(1)(ii) of the Income Tax Act. Additionally, the Tribunal concluded that the payment of commission to the directors was rightly considered under section 36(1)(ii) and not under section 37(1). Consequently, the appeal of the assessee was dismissed, and the deduction for the commission payment was not allowed under either section 36(1)(ii) or section 37(1). Case-Laws Income Tax Wed, 22 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206155