https://www.taxtmi.com/caselaws?id=261907 The Tribunal allowed the appeal, overturning the CIT(A)'s decision regarding alleged excess remuneration paid to directors, based on the Central Government's approval in compliance with the Companies Act. Previous approvals and specific orders from the Ministry of Corporate Affairs supported the Tribunal's decision, finding no contravention in the remuneration payment. The Tribunal's ruling provided relief to the assessee, setting aside the disallowance and confirming the legality of the excess remuneration paid to the directors. en-us Wed, 22 Jul 2015 00:00:00 +0530 Mon, 09 Nov 2015 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261907 The Tribunal allowed the appeal, overturning the CIT(A)'s decision regarding alleged excess remuneration paid to directors, based on the Central Government's approval in compliance with the Companies Act. Previous approvals and specific orders from the Ministry of Corporate Affairs supported the Tribunal's decision, finding no contravention in the remuneration payment. The Tribunal's ruling provided relief to the assessee, setting aside the disallowance and confirming the legality of the excess remuneration paid to the directors. Case-Laws Income Tax Wed, 22 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261907