https://www.taxtmi.com/caselaws?id=336158 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, setting aside the Commissioner of Income Tax (Appeals) (CIT(A))'s order disallowing 50% of the remuneration paid to the lady Directors. ITAT criticized CIT(A) for not properly evaluating the services rendered by the Directors and making an arbitrary decision to restrict the remuneration. ITAT emphasized that the Revenue should not interfere in business decisions and upheld the appellant's argument that the Directors were qualified and actively involved in the company. The ITAT's decision favored the assessee in this case. en-us Mon, 26 Sep 2016 00:00:00 +0530 Fri, 16 Dec 2016 14:48:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336158 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, setting aside the Commissioner of Income Tax (Appeals) (CIT(A))'s order disallowing 50% of the remuneration paid to the lady Directors. ITAT criticized CIT(A) for not properly evaluating the services rendered by the Directors and making an arbitrary decision to restrict the remuneration. ITAT emphasized that the Revenue should not interfere in business decisions and upheld the appellant's argument that the Directors were qualified and actively involved in the company. The ITAT's decision favored the assessee in this case. Case-Laws Income Tax Mon, 26 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336158