https://www.taxtmi.com/caselaws?id=5412 The Supreme Court upheld the Bombay High Court's decision regarding the treatment of commission paid to directors in a private limited company. The Court concluded that the commission did not qualify as perquisites under sections 40(a)(v) and 40A(5) of the Income-tax Act. It emphasized the distinction between salary and benefits, noting that the commission did not fall within the defined scenarios. The Court also deemed the entertainment expenses issue insignificant and dismissed the Revenue's appeals without costs. This judgment clarified the tax treatment of director commissions, emphasizing adherence to the Act's provisions. en-us Tue, 13 Apr 1993 00:00:00 +0530 Mon, 24 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5412 The Supreme Court upheld the Bombay High Court's decision regarding the treatment of commission paid to directors in a private limited company. The Court concluded that the commission did not qualify as perquisites under sections 40(a)(v) and 40A(5) of the Income-tax Act. It emphasized the distinction between salary and benefits, noting that the commission did not fall within the defined scenarios. The Court also deemed the entertainment expenses issue insignificant and dismissed the Revenue's appeals without costs. This judgment clarified the tax treatment of director commissions, emphasizing adherence to the Act's provisions. Case-Laws Income Tax Tue, 13 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5412