https://www.taxtmi.com/caselaws?id=19431 Enhanced remuneration paid to a director was held allowable as a deduction where the payment was for services actually rendered, even though approval under section 314 of the Companies Act, 1956 was not obtained at the first general body meeting. The amount was later placed before an extraordinary general meeting and approved, and the Court followed its earlier rulings that an Income-tax Officer cannot deny deduction merely because there was a company law infraction in the mode of payment. The deduction was therefore allowed. en-us Mon, 22 Aug 1994 00:00:00 +0530 Fri, 06 Nov 2009 11:41:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19431 Enhanced remuneration paid to a director was held allowable as a deduction where the payment was for services actually rendered, even though approval under section 314 of the Companies Act, 1956 was not obtained at the first general body meeting. The amount was later placed before an extraordinary general meeting and approved, and the Court followed its earlier rulings that an Income-tax Officer cannot deny deduction merely because there was a company law infraction in the mode of payment. The deduction was therefore allowed. Case-Laws Income Tax Mon, 22 Aug 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19431