https://www.taxtmi.com/caselaws?id=200456 The Tribunal dismissed the revenue's appeal regarding the disallowance of commission paid to the Managing Director and whole-time director under section 36(1)(ii) of the Income Tax Act, 1961. The decision was based on the services rendered as per the terms of employment, not as dividend or bonus. Additionally, the Tribunal upheld the Ld. CIT(A)'s decisions on the disallowance of foreign traveling expenses and credit balance written off, citing lack of concrete evidence for disallowance. The excessive nature of House Rent Allowance (HRA) paid to the Managing Director was allowed for further verification by the Assessing Officer, resulting in the allowance of the assessee's appeal. en-us Thu, 23 Feb 2017 00:00:00 +0530 Thu, 29 Mar 2018 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200456 The Tribunal dismissed the revenue's appeal regarding the disallowance of commission paid to the Managing Director and whole-time director under section 36(1)(ii) of the Income Tax Act, 1961. The decision was based on the services rendered as per the terms of employment, not as dividend or bonus. Additionally, the Tribunal upheld the Ld. CIT(A)'s decisions on the disallowance of foreign traveling expenses and credit balance written off, citing lack of concrete evidence for disallowance. The excessive nature of House Rent Allowance (HRA) paid to the Managing Director was allowed for further verification by the Assessing Officer, resulting in the allowance of the assessee's appeal. Case-Laws Income Tax Thu, 23 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200456