https://www.taxtmi.com/caselaws?id=12713 The High Court of Madras ruled in a tax case revision regarding the disallowance of commission paid to directors in the computation of agricultural income. The court held that commission paid to directors could be considered a legitimate business expense if made for services rendered to the company, despite directors sharing profits. The court emphasized the distinction between directors and the company as separate legal entities and overturned the Commissioner's decision, allowing the deduction of the commission and ruling in favor of the assessee. en-us Tue, 02 Dec 1997 00:00:00 +0530 Thu, 21 May 2009 13:50:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12713 The High Court of Madras ruled in a tax case revision regarding the disallowance of commission paid to directors in the computation of agricultural income. The court held that commission paid to directors could be considered a legitimate business expense if made for services rendered to the company, despite directors sharing profits. The court emphasized the distinction between directors and the company as separate legal entities and overturned the Commissioner's decision, allowing the deduction of the commission and ruling in favor of the assessee. Case-Laws Income Tax Tue, 02 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12713