https://www.taxtmi.com/caselaws?id=348763 The Tribunal allowed the appeal filed by the Revenue, overturning the decision of the Commissioner of Income-tax (Appeals) and upholding the disallowance of excessive salary and advisory fees paid to the Directors under section 40A(2)(b) of the Income-tax Act, 1961. The Tribunal found the increase in salaries lacking objective criteria, with no comparable cases provided by the Assessing Officer to justify the disallowance. The judgment was pronounced on August 29, 2017, by the Tribunal. en-us Tue, 29 Aug 2017 00:00:00 +0530 Thu, 28 Sep 2017 07:23:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348763 The Tribunal allowed the appeal filed by the Revenue, overturning the decision of the Commissioner of Income-tax (Appeals) and upholding the disallowance of excessive salary and advisory fees paid to the Directors under section 40A(2)(b) of the Income-tax Act, 1961. The Tribunal found the increase in salaries lacking objective criteria, with no comparable cases provided by the Assessing Officer to justify the disallowance. The judgment was pronounced on August 29, 2017, by the Tribunal. Case-Laws Income Tax Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348763