https://www.taxtmi.com/caselaws?id=409395 The Tribunal allowed the appeal, directing the AO to delete the disallowed amount of Rs. 15,99,169 relating to bonus and commission paid to directors for AY 2014. The Tribunal held that the payments were within legal limits and not subject to disallowance under section 36(1)(ii) of the Income Tax Act, 1961, based on agreements provided to the Revenue. Citing a previous decision in favor of the assessee for AY 2013-14, the Tribunal found the CIT(A)'s reasoning invalid and allowed the grounds of the appellant. en-us Wed, 05 May 2021 00:00:00 +0530 Tue, 06 Jul 2021 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409395 The Tribunal allowed the appeal, directing the AO to delete the disallowed amount of Rs. 15,99,169 relating to bonus and commission paid to directors for AY 2014. The Tribunal held that the payments were within legal limits and not subject to disallowance under section 36(1)(ii) of the Income Tax Act, 1961, based on agreements provided to the Revenue. Citing a previous decision in favor of the assessee for AY 2013-14, the Tribunal found the CIT(A)'s reasoning invalid and allowed the grounds of the appellant. Case-Laws Income Tax Wed, 05 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409395