https://www.taxtmi.com/caselaws?id=5113 A tax exemption framed to prevent double taxation applies where director's remuneration was included in the company's business profits and was not allowed as a deduction, even if the company never claimed that deduction. The notification's plain language required only that the sum had not been allowed as a deduction; it did not add a further condition that a deduction claim must first have been made and rejected. The practical effect was that the same income could not be taxed again in the directors' hands merely because the company had not sought deduction treatment. en-us Wed, 28 Aug 1968 00:00:00 +0530 Thu, 20 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5113 A tax exemption framed to prevent double taxation applies where director's remuneration was included in the company's business profits and was not allowed as a deduction, even if the company never claimed that deduction. The notification's plain language required only that the sum had not been allowed as a deduction; it did not add a further condition that a deduction claim must first have been made and rejected. The practical effect was that the same income could not be taxed again in the directors' hands merely because the company had not sought deduction treatment. Case-Laws Income Tax Wed, 28 Aug 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5113