https://www.taxtmi.com/caselaws?id=259707 The Tribunal allowed the appeal filed by the assessee, overturning the disallowance of Rs. 14,93,657/- imposed by the Assessing Officer. The Tribunal found that the remuneration paid to the Directors was justified based on their qualifications and previous salaries, and there was no evidence to support the restriction to 20% of receipts. The Tribunal concluded that the disallowance was not justified and deleted the same, ruling in favor of the assessee. en-us Fri, 17 Apr 2015 00:00:00 +0530 Tue, 19 May 2015 00:10:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259707 The Tribunal allowed the appeal filed by the assessee, overturning the disallowance of Rs. 14,93,657/- imposed by the Assessing Officer. The Tribunal found that the remuneration paid to the Directors was justified based on their qualifications and previous salaries, and there was no evidence to support the restriction to 20% of receipts. The Tribunal concluded that the disallowance was not justified and deleted the same, ruling in favor of the assessee. Case-Laws Income Tax Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259707