https://www.taxtmi.com/caselaws?id=259391 The Tribunal dismissed the Revenue's appeal due to a low tax effect falling below the limit specified in a CBDT Circular. The Court upheld the Tribunal's decision, finding no evidence of a Revenue Audit Objection as claimed by the Revenue. Additionally, the Court upheld the dismissal of the appeal regarding the excess sitting fee paid to the Director under the Companies Act, finding no substantial legal questions warranting interference with the Tribunal's decision on the interpretation of limits on remuneration and inclusion of sitting fees in remuneration under Schedule XIII of the Companies Act. en-us Wed, 07 Jan 2015 00:00:00 +0530 Sat, 09 May 2015 11:20:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259391 The Tribunal dismissed the Revenue's appeal due to a low tax effect falling below the limit specified in a CBDT Circular. The Court upheld the Tribunal's decision, finding no evidence of a Revenue Audit Objection as claimed by the Revenue. Additionally, the Court upheld the dismissal of the appeal regarding the excess sitting fee paid to the Director under the Companies Act, finding no substantial legal questions warranting interference with the Tribunal's decision on the interpretation of limits on remuneration and inclusion of sitting fees in remuneration under Schedule XIII of the Companies Act. Case-Laws Income Tax Wed, 07 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259391