https://www.taxtmi.com/caselaws?id=285457 The Tribunal directed the ITO to allow the deduction for additional emoluments for 1975-76 based on the reasonableness of the estimate. It also held that the addition for director-employee remuneration should be made under section 40(c) only, resulting in an allowable deduction of Rs. 85,705 and the deletion of the disputed addition of Rs. 4,295. The appeal was deemed allowed. en-us Sat, 29 Jul 1978 00:00:00 +0530 Mon, 13 Jan 2020 16:54:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285457 The Tribunal directed the ITO to allow the deduction for additional emoluments for 1975-76 based on the reasonableness of the estimate. It also held that the addition for director-employee remuneration should be made under section 40(c) only, resulting in an allowable deduction of Rs. 85,705 and the deletion of the disputed addition of Rs. 4,295. The appeal was deemed allowed. Case-Laws Income Tax Sat, 29 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285457