https://www.taxtmi.com/caselaws?id=20862 Directors' remuneration was not treated as an allowable deduction under section 5(j) of the Agricultural Income-tax Act, 1950 because the assessee failed to prove the authorising special resolution and related company records, and the payment details were not properly reflected in the audit material. The articles only contained a permissive clause and did not specify the amounts paid. The expenditure was also found to be influenced by personal considerations rather than incurred wholly and exclusively for earning agricultural income, so the deduction claim failed. 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 was not treated as an allowable deduction under section 5(j) of the Agricultural Income-tax Act, 1950 because the assessee failed to prove the authorising special resolution and related company records, and the payment details were not properly reflected in the audit material. The articles only contained a permissive clause and did not specify the amounts paid. The expenditure was also found to be influenced by personal considerations rather than incurred wholly and exclusively for earning agricultural income, so the deduction claim failed. Case-Laws Income Tax Wed, 24 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20862