https://www.taxtmi.com/caselaws?id=285760 The High Court ruled in favor of the assessee on all three issues, allowing the adjustment of managerial remuneration expenditure in the books of account after the accounting year close. The Court upheld the deduction of a specific amount related to managerial remuneration and justified the deletion of another amount from the assessment for a particular year. The decision was based on the consistent accounting practices of the assessee, the genuine business nature of the expenditures, and equitable interpretation in tax matters, aligning with the Tribunal's decisions. en-us Wed, 21 Nov 1990 00:00:00 +0530 Fri, 24 Jan 2020 17:45:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285760 The High Court ruled in favor of the assessee on all three issues, allowing the adjustment of managerial remuneration expenditure in the books of account after the accounting year close. The Court upheld the deduction of a specific amount related to managerial remuneration and justified the deletion of another amount from the assessment for a particular year. The decision was based on the consistent accounting practices of the assessee, the genuine business nature of the expenditures, and equitable interpretation in tax matters, aligning with the Tribunal's decisions. Case-Laws Income Tax Wed, 21 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285760