https://www.taxtmi.com/caselaws?id=402694 The Tribunal allowed the appeal, emphasizing the importance of establishing excessive payment before disallowing Director's remuneration under section 40A (2) (b) of the Income Tax Act, 1961. The decision highlighted the lack of tax evasion intent and the absence of evidence for excessive remuneration, leading to the deletion of the entire addition. The judgment underscored the need for comparable cases and evidence to support disallowance decisions, ensuring fairness and compliance with tax laws. en-us Tue, 05 Jan 2021 00:00:00 +0530 Sat, 09 Jan 2021 22:25:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402694 The Tribunal allowed the appeal, emphasizing the importance of establishing excessive payment before disallowing Director's remuneration under section 40A (2) (b) of the Income Tax Act, 1961. The decision highlighted the lack of tax evasion intent and the absence of evidence for excessive remuneration, leading to the deletion of the entire addition. The judgment underscored the need for comparable cases and evidence to support disallowance decisions, ensuring fairness and compliance with tax laws. Case-Laws Income Tax Tue, 05 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402694