https://www.taxtmi.com/caselaws?id=20566 Remuneration paid to a managing director and director was not subject to disallowance under the applicable remuneration-limitation provision, as an earlier decision on similar facts in the assessee's own matter governed the issue. Interest paid for defaults or delays under the advance-tax and tax-demand interest provisions was not deductible, also because prior precedent in the same matter controlled the question. The reference therefore granted relief on the remuneration disallowance while denying deduction for the interest payments. The governing principle was consistent application of binding precedent where materially identical questions arise. en-us Mon, 19 Sep 1983 00:00:00 +0530 Sat, 14 Nov 2009 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20566 Remuneration paid to a managing director and director was not subject to disallowance under the applicable remuneration-limitation provision, as an earlier decision on similar facts in the assessee's own matter governed the issue. Interest paid for defaults or delays under the advance-tax and tax-demand interest provisions was not deductible, also because prior precedent in the same matter controlled the question. The reference therefore granted relief on the remuneration disallowance while denying deduction for the interest payments. The governing principle was consistent application of binding precedent where materially identical questions arise. Case-Laws Income Tax Mon, 19 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20566