https://www.taxtmi.com/caselaws?id=240156 The Tribunal allowed the appeals partly for K.L. Steels Pvt. Ltd. and fully for K.L. Concast Pvt. Ltd. The disallowance of commission paid to the Managing Director under Section 36(1)(ii) was not justified as it was treated as part of the salary, following precedent. The disallowance on account of remission/cessation of liability under Section 41(1) was also rejected. However, the disallowance under Section 14A for both assessment years was upheld as the assessee did not press the grounds. en-us Tue, 26 Mar 2013 00:00:00 +0530 Thu, 17 Mar 2016 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240156 The Tribunal allowed the appeals partly for K.L. Steels Pvt. Ltd. and fully for K.L. Concast Pvt. Ltd. The disallowance of commission paid to the Managing Director under Section 36(1)(ii) was not justified as it was treated as part of the salary, following precedent. The disallowance on account of remission/cessation of liability under Section 41(1) was also rejected. However, the disallowance under Section 14A for both assessment years was upheld as the assessee did not press the grounds. Case-Laws Income Tax Tue, 26 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240156