https://www.taxtmi.com/caselaws?id=328887 The High Court held in favor of the appellant-assessee, ruling against the Revenue's disallowance of remuneration paid to directors under Section 40A(2) of the Income Tax Act. The court found that the remuneration, taxed at 30% for both the company and directors, resulted in revenue neutrality. The court concluded that taxing the same income in both hands would lead to double taxation, setting aside the Tribunal's decision and allowing the Tax Appeal. en-us Mon, 06 Jun 2016 00:00:00 +0530 Fri, 17 Jun 2016 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328887 The High Court held in favor of the appellant-assessee, ruling against the Revenue's disallowance of remuneration paid to directors under Section 40A(2) of the Income Tax Act. The court found that the remuneration, taxed at 30% for both the company and directors, resulted in revenue neutrality. The court concluded that taxing the same income in both hands would lead to double taxation, setting aside the Tribunal's decision and allowing the Tax Appeal. Case-Laws Income Tax Mon, 06 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328887