https://www.taxtmi.com/caselaws?id=236154 The ITAT ruled in favor of the assessee, allowing the appeal and dismissing the Revenue's appeal. The ITAT emphasized that the substantial increase in turnover and profits justified the remuneration paid to directors, and there was no evidence of tax evasion or revenue loss. The ITAT also highlighted the inadequacy of the A.O.'s comparison and the legitimacy of the business needs and benefits derived from the directors' efforts. en-us Thu, 08 Aug 2013 00:00:00 +0530 Fri, 16 Aug 2013 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236154 The ITAT ruled in favor of the assessee, allowing the appeal and dismissing the Revenue's appeal. The ITAT emphasized that the substantial increase in turnover and profits justified the remuneration paid to directors, and there was no evidence of tax evasion or revenue loss. The ITAT also highlighted the inadequacy of the A.O.'s comparison and the legitimacy of the business needs and benefits derived from the directors' efforts. Case-Laws Income Tax Thu, 08 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236154