<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Director Commission Disallowed Ad-Hoc Despite Compliance with Companies Act and Board Approval; Previous Claims Allowed.</title>
    <link>https://www.taxtmi.com/highlights?id=55782</link>
    <description>Disallowance being commission paid to Directors - expenses were incurred in accordance with the provisions of Companies Act. - The commission expenses were paid by passing the Board’s resolution. And in earlier years such commission expenses were claimed and allow to the assessee. The assessing officer made disallowance on ad- dock basis which is not sustainable. - AT</description>
    <language>en-us</language>
    <pubDate>Mon, 07 Dec 2020 10:25:28 +0530</pubDate>
    <lastBuildDate>Mon, 07 Dec 2020 10:25:28 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=629565" rel="self" type="application/rss+xml"/>
    <item>
      <title>Director Commission Disallowed Ad-Hoc Despite Compliance with Companies Act and Board Approval; Previous Claims Allowed.</title>
      <link>https://www.taxtmi.com/highlights?id=55782</link>
      <description>Disallowance being commission paid to Directors - expenses were incurred in accordance with the provisions of Companies Act. - The commission expenses were paid by passing the Board’s resolution. And in earlier years such commission expenses were claimed and allow to the assessee. The assessing officer made disallowance on ad- dock basis which is not sustainable. - AT</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Mon, 07 Dec 2020 10:25:28 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=55782</guid>
    </item>
  </channel>
</rss>