https://www.taxtmi.com/caselaws?id=289193 The amended section 10(4A) of the Income-tax Act, 1922 made the Income-tax Officer's opinion the primary factor in deciding whether remuneration was excessive or unreasonable, subject to the company's legitimate business needs and the benefit derived by it. On the facts, the challenge concerned only the quantum of the allowance claimed as a deduction and turned on appreciation of evidence, with no indication that the statutory tests were ignored or applied capriciously. No question of law was made out for reference under section 66(2), and the application was dismissed. en-us Fri, 23 Dec 1960 00:00:00 +0530 Sat, 18 Jul 2020 18:27:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289193 The amended section 10(4A) of the Income-tax Act, 1922 made the Income-tax Officer's opinion the primary factor in deciding whether remuneration was excessive or unreasonable, subject to the company's legitimate business needs and the benefit derived by it. On the facts, the challenge concerned only the quantum of the allowance claimed as a deduction and turned on appreciation of evidence, with no indication that the statutory tests were ignored or applied capriciously. No question of law was made out for reference under section 66(2), and the application was dismissed. Case-Laws Income Tax Fri, 23 Dec 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289193