https://www.taxtmi.com/caselaws?id=328154 The ITAT ruled in favor of the assessee in a case concerning the disallowance of commission and ex-gratia amount paid to directors as part of their remuneration, citing previous decisions and approval at the annual general meeting. Additionally, the disallowance of 25% of royalty paid was overturned as it was considered a revenue expenditure for providing technical services, not a capital expenditure. The subsequent assessment year saw similar outcomes, with disallowances being deleted and penalties canceled. All appeals by the assessee were allowed, with decisions pronounced on 10.05.2016. en-us Tue, 10 May 2016 00:00:00 +0530 Fri, 27 May 2016 10:11:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328154 The ITAT ruled in favor of the assessee in a case concerning the disallowance of commission and ex-gratia amount paid to directors as part of their remuneration, citing previous decisions and approval at the annual general meeting. Additionally, the disallowance of 25% of royalty paid was overturned as it was considered a revenue expenditure for providing technical services, not a capital expenditure. The subsequent assessment year saw similar outcomes, with disallowances being deleted and penalties canceled. All appeals by the assessee were allowed, with decisions pronounced on 10.05.2016. Case-Laws Income Tax Tue, 10 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328154