https://www.taxtmi.com/caselaws?id=24205 The court upheld the disallowance of a portion of the managing director's salary due to violation of a condition set by the Company Law Board. The addition of excess sugar price realized was deemed irrelevant based on previous court decisions. The court referred the question of an addition under section 40A(3) regarding certain expenditures for its opinion, directing the Tribunal accordingly, despite a related petition being dismissed by the Supreme Court. en-us Fri, 09 Dec 1988 00:00:00 +0530 Mon, 18 Jan 2010 15:28:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24205 The court upheld the disallowance of a portion of the managing director's salary due to violation of a condition set by the Company Law Board. The addition of excess sugar price realized was deemed irrelevant based on previous court decisions. The court referred the question of an addition under section 40A(3) regarding certain expenditures for its opinion, directing the Tribunal accordingly, despite a related petition being dismissed by the Supreme Court. Case-Laws Income Tax Fri, 09 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24205