https://www.taxtmi.com/caselaws?id=296186 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the disallowance of commission paid to the managing director. The managing director was found not to be an employee entitled to profits or dividends, rendering the disallowance under section 36(1)(ii) inapplicable. The Tribunal affirmed that the commission was part of the managing director's salary for services rendered, based on a Supreme Court decision. The order was issued on April 8, 2015, in Chennai. en-us Wed, 08 Apr 2015 00:00:00 +0530 Fri, 09 Jul 2021 09:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296186 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the disallowance of commission paid to the managing director. The managing director was found not to be an employee entitled to profits or dividends, rendering the disallowance under section 36(1)(ii) inapplicable. The Tribunal affirmed that the commission was part of the managing director's salary for services rendered, based on a Supreme Court decision. The order was issued on April 8, 2015, in Chennai. Case-Laws Income Tax Wed, 08 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296186