https://www.taxtmi.com/caselaws?id=180837 The appeal involved challenging the disallowance of commission and bonus paid to directors under sec. 36(1)(ii) for Assessment Year 2006-07. The Tribunal and High Court ruled in favor of the assessee, deleting the disallowance as the commission was not receivable as profit or dividend. The disallowance under sec. 14A was dismissed as it was not pressed by the assessee's counsel. Ultimately, the appeal was partly allowed, and the disallowance of commission and bonus to directors was deleted based on previous decisions and court affirmations. en-us Fri, 13 May 2011 00:00:00 +0530 Sat, 02 Apr 2016 15:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180837 The appeal involved challenging the disallowance of commission and bonus paid to directors under sec. 36(1)(ii) for Assessment Year 2006-07. The Tribunal and High Court ruled in favor of the assessee, deleting the disallowance as the commission was not receivable as profit or dividend. The disallowance under sec. 14A was dismissed as it was not pressed by the assessee's counsel. Ultimately, the appeal was partly allowed, and the disallowance of commission and bonus to directors was deleted based on previous decisions and court affirmations. Case-Laws Income Tax Fri, 13 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180837