https://www.taxtmi.com/caselaws?id=370762 The appeal involved the addition of directors' remuneration in business expenditure. The ITAT ruled in favor of the appellant, vacating the disallowance of Rs. 2,60,000 as the remuneration was not shown to be excessive or unreasonable based on criteria set by the Hon'ble Gujarat High Court. The judgment emphasized the necessity of justifying the disallowance of directors' remuneration under section 40A(2) of the Act by assessing reasonableness according to specific criteria. en-us Fri, 13 Jul 2018 00:00:00 +0530 Fri, 23 Nov 2018 09:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370762 The appeal involved the addition of directors' remuneration in business expenditure. The ITAT ruled in favor of the appellant, vacating the disallowance of Rs. 2,60,000 as the remuneration was not shown to be excessive or unreasonable based on criteria set by the Hon'ble Gujarat High Court. The judgment emphasized the necessity of justifying the disallowance of directors' remuneration under section 40A(2) of the Act by assessing reasonableness according to specific criteria. Case-Laws Income Tax Fri, 13 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370762