https://www.taxtmi.com/caselaws?id=26510 The court held that payments made by the assessee company to a partnership firm, whose partners were also directors of the company, were considered payments to the directors themselves. As a result, section 40(c) of the Income-tax Act, 1961, and its ceiling limits were applicable. The Tribunal's decision was overturned, and the Commissioner's order disallowing the amounts exceeding the prescribed limit was upheld. The outcome favored the Revenue against the assessee. en-us Mon, 31 Mar 1986 00:00:00 +0530 Fri, 05 Feb 2010 14:59:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26510 The court held that payments made by the assessee company to a partnership firm, whose partners were also directors of the company, were considered payments to the directors themselves. As a result, section 40(c) of the Income-tax Act, 1961, and its ceiling limits were applicable. The Tribunal's decision was overturned, and the Commissioner's order disallowing the amounts exceeding the prescribed limit was upheld. The outcome favored the Revenue against the assessee. Case-Laws Income Tax Mon, 31 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26510