https://www.taxtmi.com/caselaws?id=368222 The Tribunal allowed the appeal of the assessee, ruling in favor of both issues presented. The disallowed professional fee was considered a current year charge as the liability arose during the relevant assessment year. The disallowed director's remuneration was allowed as it was found to be reasonable and in compliance with CBDT Circular and industry norms, with an exemption for unlisted companies in cases of losses. The Tribunal overturned the decisions of lower authorities, deeming the expenses allowable. en-us Fri, 28 Sep 2018 00:00:00 +0530 Wed, 03 Oct 2018 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368222 The Tribunal allowed the appeal of the assessee, ruling in favor of both issues presented. The disallowed professional fee was considered a current year charge as the liability arose during the relevant assessment year. The disallowed director's remuneration was allowed as it was found to be reasonable and in compliance with CBDT Circular and industry norms, with an exemption for unlisted companies in cases of losses. The Tribunal overturned the decisions of lower authorities, deeming the expenses allowable. Case-Laws Income Tax Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368222