https://www.taxtmi.com/caselaws?id=5007 Deductibility of additional remuneration depends on whether the expenditure was incurred on grounds of commercial expediency and laid out wholly and exclusively for business, judged from the businessman's standpoint rather than the revenue's. A fact-finding tribunal must act judicially and record reasons if it partially disallows such a claim; it cannot reduce genuine business expenditure merely because profits did not increase proportionately, or without evidentiary support. On that basis, the partial disallowance of the directors' and executive officers' remuneration was unsustainable, and the deduction claim was allowed. en-us Fri, 17 Mar 1967 00:00:00 +0530 Wed, 04 Dec 2024 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5007 Deductibility of additional remuneration depends on whether the expenditure was incurred on grounds of commercial expediency and laid out wholly and exclusively for business, judged from the businessman's standpoint rather than the revenue's. A fact-finding tribunal must act judicially and record reasons if it partially disallows such a claim; it cannot reduce genuine business expenditure merely because profits did not increase proportionately, or without evidentiary support. On that basis, the partial disallowance of the directors' and executive officers' remuneration was unsustainable, and the deduction claim was allowed. Case-Laws Income Tax Fri, 17 Mar 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5007