https://www.taxtmi.com/caselaws?id=331996 The Tribunal upheld the disallowance of Director's Remuneration for a company with no business activity, taxing interest income separately. Additionally, interest under section 234B was charged for the assessment year, affirmed by the CIT(A). The appeal for the assessment year 2012-13 was dismissed, emphasizing the necessity of expenses being linked to income and distinguishing between business income and other sources. en-us Thu, 28 Jul 2016 00:00:00 +0530 Thu, 29 Dec 2016 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331996 The Tribunal upheld the disallowance of Director's Remuneration for a company with no business activity, taxing interest income separately. Additionally, interest under section 234B was charged for the assessment year, affirmed by the CIT(A). The appeal for the assessment year 2012-13 was dismissed, emphasizing the necessity of expenses being linked to income and distinguishing between business income and other sources. Case-Laws Income Tax Thu, 28 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331996