https://www.taxtmi.com/caselaws?id=179825 A taxpayer claiming a deduction for directors' fees had to prove that the whole amount was exclusively incurred in producing assessable income. The burden lay on the objector to show that the assessment was excessive, and the Commissioner was not bound to accept the company's resolution and vouchers at face value where the same individuals were sole shareholders and sole directors, fixed their own remuneration late in the year, and declined to explain the basis of the fee determination. On the evidence, the deduction was not proved in full and the assessment was not shown to be excessive. en-us Wed, 27 Jul 1932 00:00:00 +0530 Thu, 10 Mar 2016 12:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179825 A taxpayer claiming a deduction for directors' fees had to prove that the whole amount was exclusively incurred in producing assessable income. The burden lay on the objector to show that the assessment was excessive, and the Commissioner was not bound to accept the company's resolution and vouchers at face value where the same individuals were sole shareholders and sole directors, fixed their own remuneration late in the year, and declined to explain the basis of the fee determination. On the evidence, the deduction was not proved in full and the assessment was not shown to be excessive. Case-Laws Income Tax Wed, 27 Jul 1932 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179825