https://www.taxtmi.com/caselaws?id=185109 Commission paid to a managing director, when authorised by shareholders and approved by the competent company law authority as part of the remuneration package, is not a separate commission payment hit by section 36(1)(ii) of the Income-tax Act, 1961; the disallowance was therefore not sustainable. Cash payments made through intermediary agents for carcass purchases were also protected by the Rule 6DD exceptions, including those for animal husbandry produce and agent-mediated cash payments, so section 40A(3) did not apply. The tribunal accordingly upheld the relief granted to the assessee on both issues and sustained the appellate order in full. en-us Fri, 13 Aug 2010 00:00:00 +0530 Sat, 30 Jul 2016 18:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185109 Commission paid to a managing director, when authorised by shareholders and approved by the competent company law authority as part of the remuneration package, is not a separate commission payment hit by section 36(1)(ii) of the Income-tax Act, 1961; the disallowance was therefore not sustainable. Cash payments made through intermediary agents for carcass purchases were also protected by the Rule 6DD exceptions, including those for animal husbandry produce and agent-mediated cash payments, so section 40A(3) did not apply. The tribunal accordingly upheld the relief granted to the assessee on both issues and sustained the appellate order in full. Case-Laws Income Tax Fri, 13 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185109