https://www.taxtmi.com/caselaws?id=14645 Whether a commission payable as a percentage of net profits to a managing director falls within "remuneration" was resolved by distinguishing statutory language and prior authorities: the court held such profit-linked commission is not remuneration under section 40(c), for the assessee. The unit for computing allowance under rule 6D is each trip, not the whole year, favouring the Revenue. Payments for techno economic feasibility studies and preliminary geological surveys were held revenue in nature under section 37 because they produced no enduring capital asset and had a direct nexus with existing business, favouring the assessee. en-us Wed, 21 Oct 1998 00:00:00 +0530 Fri, 17 Jul 2009 17:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14645 Whether a commission payable as a percentage of net profits to a managing director falls within "remuneration" was resolved by distinguishing statutory language and prior authorities: the court held such profit-linked commission is not remuneration under section 40(c), for the assessee. The unit for computing allowance under rule 6D is each trip, not the whole year, favouring the Revenue. Payments for techno economic feasibility studies and preliminary geological surveys were held revenue in nature under section 37 because they produced no enduring capital asset and had a direct nexus with existing business, favouring the assessee. Case-Laws Income Tax Wed, 21 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14645