https://www.taxtmi.com/caselaws?id=341473 The Tribunal partly allowed the appeal filed by the Assessing Officer. The direction regarding Provident Fund contribution was decided against the AO, as the FAA's decision was found to be in accordance with the law. The restriction of remuneration to Directors was partially upheld, limiting it to Rs. 10 lakhs. The carryforward of unabsorbed depreciation for AY 2000-01 and 2001-02 was allowed based on relevant case law, ruling against the AO's decision. The Tribunal's order was pronounced on 5th April 2017. en-us Wed, 05 Apr 2017 00:00:00 +0530 Mon, 10 Apr 2017 10:24:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341473 The Tribunal partly allowed the appeal filed by the Assessing Officer. The direction regarding Provident Fund contribution was decided against the AO, as the FAA's decision was found to be in accordance with the law. The restriction of remuneration to Directors was partially upheld, limiting it to Rs. 10 lakhs. The carryforward of unabsorbed depreciation for AY 2000-01 and 2001-02 was allowed based on relevant case law, ruling against the AO's decision. The Tribunal's order was pronounced on 5th April 2017. Case-Laws Income Tax Wed, 05 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341473