https://www.taxtmi.com/caselaws?id=410294 The Tribunal upheld the CIT(A)'s decisions on all grounds, dismissing the Revenue's appeal. The Tribunal found the enhanced compensation paid to SSPL allowable, as it was in compliance with a longstanding agreement. Additionally, the commission paid to shareholder Directors was deemed permissible as it was within legal limits and approved by shareholders. The disallowance under Section 14A read with Rule 8D was also rejected, with the Tribunal holding that the disallowance should not exceed the exempt income earned. en-us Wed, 28 Jul 2021 00:00:00 +0530 Thu, 29 Jul 2021 10:52:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410294 The Tribunal upheld the CIT(A)'s decisions on all grounds, dismissing the Revenue's appeal. The Tribunal found the enhanced compensation paid to SSPL allowable, as it was in compliance with a longstanding agreement. Additionally, the commission paid to shareholder Directors was deemed permissible as it was within legal limits and approved by shareholders. The disallowance under Section 14A read with Rule 8D was also rejected, with the Tribunal holding that the disallowance should not exceed the exempt income earned. Case-Laws Income Tax Wed, 28 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410294