https://www.taxtmi.com/caselaws?id=20862 Directors' remuneration is deductible under section 5(j) of the Agricultural Income-tax Act, 1950 only where the assessee proves that the payment was duly authorised and incurred wholly and exclusively for earning agricultural income. The claimed special resolution, related company records and Registrar of Companies filing were not produced. Payment details were absent from the audit report, the articles contained no specific remuneration amounts, and the expenditure was influenced by personal considerations. The remuneration therefore did not qualify as an allowable deduction. en-us Wed, 24 Feb 1993 00:00:00 +0530 Tue, 17 Nov 2009 16:28:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20862 Directors' remuneration is deductible under section 5(j) of the Agricultural Income-tax Act, 1950 only where the assessee proves that the payment was duly authorised and incurred wholly and exclusively for earning agricultural income. The claimed special resolution, related company records and Registrar of Companies filing were not produced. Payment details were absent from the audit report, the articles contained no specific remuneration amounts, and the expenditure was influenced by personal considerations. The remuneration therefore did not qualify as an allowable deduction. Case-Laws Income Tax Wed, 24 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20862