https://www.taxtmi.com/caselaws?id=215623 The Court upheld the decision of the Appellate Commissioner and the Tribunal in favor of the assessee, allowing the payment of bonus and commission to employee-directors under Section 36(1)(ii) of the Income Tax Act. The Court found that the disallowance made by the Assessing Officer was not justified, considering the peculiar shareholding pattern of the closely-held family company and the variation in facts regarding dividend payments to shareholders. The appeal by the revenue was rejected, affirming the Tribunal's decision. en-us Fri, 06 Jul 2012 00:00:00 +0530 Wed, 08 Aug 2012 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215623 The Court upheld the decision of the Appellate Commissioner and the Tribunal in favor of the assessee, allowing the payment of bonus and commission to employee-directors under Section 36(1)(ii) of the Income Tax Act. The Court found that the disallowance made by the Assessing Officer was not justified, considering the peculiar shareholding pattern of the closely-held family company and the variation in facts regarding dividend payments to shareholders. The appeal by the revenue was rejected, affirming the Tribunal's decision. Case-Laws Income Tax Fri, 06 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215623