https://www.taxtmi.com/caselaws?id=200370 The High Court upheld the decision of the ITAT regarding the interpretation of Section 36(1)(ii) of the Income Tax Act. The Court agreed that the payments made to the Managing Director were part of his remuneration for services rendered and not excessive, therefore justifying the deletion of the addition made by the Assessing Officer. Relying on previous court decisions and finding no substantial question of law, the Court dismissed the appeal, affirming the deletion of the addition under Section 36(1)(ii). en-us Fri, 07 Dec 2012 00:00:00 +0530 Mon, 16 Apr 2018 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200370 The High Court upheld the decision of the ITAT regarding the interpretation of Section 36(1)(ii) of the Income Tax Act. The Court agreed that the payments made to the Managing Director were part of his remuneration for services rendered and not excessive, therefore justifying the deletion of the addition made by the Assessing Officer. Relying on previous court decisions and finding no substantial question of law, the Court dismissed the appeal, affirming the deletion of the addition under Section 36(1)(ii). Case-Laws Income Tax Fri, 07 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200370