https://www.taxtmi.com/caselaws?id=15868 The High Court of Madras upheld the disallowance of excess remuneration and commission paid to two brothers engaged as employees in the business of an individual assessee, involved in manufacturing three-wheeler cycles, for the assessment year 1975-76. The court found the payments reasonable to a certain extent based on factors such as technical qualifications, turnover increase, and market value of services rendered. Relying on section 40A(2) of the Income-tax Act, the court affirmed the Tribunal's decision, emphasizing the importance of considering specified conditions in determining the reasonableness of remuneration and commission payments. en-us Mon, 27 Oct 1997 00:00:00 +0530 Sat, 29 Aug 2009 16:04:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15868 The High Court of Madras upheld the disallowance of excess remuneration and commission paid to two brothers engaged as employees in the business of an individual assessee, involved in manufacturing three-wheeler cycles, for the assessment year 1975-76. The court found the payments reasonable to a certain extent based on factors such as technical qualifications, turnover increase, and market value of services rendered. Relying on section 40A(2) of the Income-tax Act, the court affirmed the Tribunal's decision, emphasizing the importance of considering specified conditions in determining the reasonableness of remuneration and commission payments. Case-Laws Income Tax Mon, 27 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15868