https://www.taxtmi.com/caselaws?id=195514 The disallowance of commission paid to directors was challenged in multiple assessment years. In the case for A.Y. 2006-07, the ITAT allowed the commission as a deductible expense, distinguishing it from a case where no dividends were declared. For A.Y. 2007-08 and 2008-09, the issues were remanded for fresh consideration. Regarding other issues such as excise duty addition to closing stock valuation, disallowance of professional fees paid to relatives, and consultation and legal charges, the ITAT upheld the lower authorities' decisions. en-us Fri, 07 Nov 2014 00:00:00 +0530 Thu, 02 Nov 2017 17:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195514 The disallowance of commission paid to directors was challenged in multiple assessment years. In the case for A.Y. 2006-07, the ITAT allowed the commission as a deductible expense, distinguishing it from a case where no dividends were declared. For A.Y. 2007-08 and 2008-09, the issues were remanded for fresh consideration. Regarding other issues such as excise duty addition to closing stock valuation, disallowance of professional fees paid to relatives, and consultation and legal charges, the ITAT upheld the lower authorities' decisions. Case-Laws Income Tax Fri, 07 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195514