https://www.taxtmi.com/caselaws?id=189313 Director remuneration paid as commission and ex-gratia was held not disallowable under section 36(1)(ii) where it was paid for services, dividend had already been declared, and there was no material to show that the amount would otherwise have been distributed as dividend; the deletion was upheld. Insurance premium that became due under the policy terms and was paid within the grace period was deductible in the relevant year, so the deletion was upheld. Computer peripherals and accessories were treated as integral to the computer system and therefore qualified for the higher depreciation rate applicable to computers; the claim was allowed. en-us Thu, 14 Jul 2011 00:00:00 +0530 Thu, 05 Jan 2017 14:19:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189313 Director remuneration paid as commission and ex-gratia was held not disallowable under section 36(1)(ii) where it was paid for services, dividend had already been declared, and there was no material to show that the amount would otherwise have been distributed as dividend; the deletion was upheld. Insurance premium that became due under the policy terms and was paid within the grace period was deductible in the relevant year, so the deletion was upheld. Computer peripherals and accessories were treated as integral to the computer system and therefore qualified for the higher depreciation rate applicable to computers; the claim was allowed. Case-Laws Income Tax Thu, 14 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189313