Director's Performance Pay Deemed Legitimate Expense; Disallowance Found Unjustified Under Assessee Records.

Director's Performance Pay Deemed Legitimate Expense; Disallowance Found Unjustified Under Assessee Records. https://www.taxtmi.com/highlights?id=25108 Addition made on account of performance related pay provisions to directors and staff - ascertained liability - there is no reason for disallowing the expenses claimed regarding payment of PRP to the Director since records of the assessee show that they are bonafide expenses which was crystallised. - AT en-us Mon, 05 Oct 2015 06:52:25 +0530 Mon, 05 Oct 2015 06:52:25 +0530 TaxTMI RSS Generator Director's Performance Pay Deemed Legitimate Expense; Disallowance Found Unjustified Under Assessee Records. https://www.taxtmi.com/highlights?id=25108 Addition made on account of performance related pay provisions to directors and staff - ascertained liability - there is no reason for disallowing the expenses claimed regarding payment of PRP to the Director since records of the assessee show that they are bonafide expenses which was crystallised. - AT Highlights Income Tax Mon, 05 Oct 2015 06:52:25 +0530 https://www.taxtmi.com/highlights?id=25108