https://www.taxtmi.com/caselaws?id=253865 The tribunal partly allowed the appeal, ruling in favor of the Private Limited Company, determining that the commission paid to directors should be treated as salary income and not subject to disallowance under section 40(a)(ia) of the Income Tax Act. The tribunal emphasized that the payment to directors was for managing the company, not for buying or selling goods, thus falling outside the purview of section 194H. The Assessing Officer was directed to rectify the claim of expenditure by one director against the commission income. en-us Thu, 28 Aug 2014 00:00:00 +0530 Sat, 06 Dec 2014 07:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253865 The tribunal partly allowed the appeal, ruling in favor of the Private Limited Company, determining that the commission paid to directors should be treated as salary income and not subject to disallowance under section 40(a)(ia) of the Income Tax Act. The tribunal emphasized that the payment to directors was for managing the company, not for buying or selling goods, thus falling outside the purview of section 194H. The Assessing Officer was directed to rectify the claim of expenditure by one director against the commission income. Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253865