https://www.taxtmi.com/caselaws?id=27867 The High Court upheld the Tribunal's decision to disallow the excessive and unreasonable commission paid to the managing director under Section 40(c)(i) of the Income Tax Act, 1961. The fixed remuneration was deemed justified based on the nature of duties performed. The Tribunal's evaluation of evidence, including the lack of special qualifications and minimal contributions by the managing director, was considered appropriate. The Court found no misdirection in law and ruled in favor of the revenue, with no order as to costs. en-us Wed, 24 Mar 1982 00:00:00 +0530 Tue, 16 Feb 2010 15:19:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27867 The High Court upheld the Tribunal's decision to disallow the excessive and unreasonable commission paid to the managing director under Section 40(c)(i) of the Income Tax Act, 1961. The fixed remuneration was deemed justified based on the nature of duties performed. The Tribunal's evaluation of evidence, including the lack of special qualifications and minimal contributions by the managing director, was considered appropriate. The Court found no misdirection in law and ruled in favor of the revenue, with no order as to costs. Case-Laws Income Tax Wed, 24 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27867