https://www.taxtmi.com/caselaws?id=403249 The Court set aside previous decisions and remitted the matter for fresh consideration to determine the reasonableness of remuneration paid to the Managing Director under Section 40A(2) of the Income Tax Act. The burden of proof lies on the assessee to demonstrate the business purpose of the expenditure, emphasizing the need for proper assessment and evidence of the Director's contribution to global orders. en-us Wed, 06 Jan 2021 00:00:00 +0530 Wed, 03 Mar 2021 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403249 The Court set aside previous decisions and remitted the matter for fresh consideration to determine the reasonableness of remuneration paid to the Managing Director under Section 40A(2) of the Income Tax Act. The burden of proof lies on the assessee to demonstrate the business purpose of the expenditure, emphasizing the need for proper assessment and evidence of the Director's contribution to global orders. Case-Laws Income Tax Wed, 06 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403249