https://www.taxtmi.com/caselaws?id=28085 Table A of Schedule I applied to a company limited by shares unless excluded or modified by its articles, and where the articles did not exclude it, item 65 could support payment of directors' remuneration and expenses. The payment was also ratified by a company resolution, so it was not unauthorised merely because the articles did not contain an express clause permitting it. On that basis, the disallowance was held unjustified and the Tribunal was said to have been wrong in sustaining the Commissioner's revisionary order under section 263. en-us Mon, 13 Feb 1984 00:00:00 +0530 Wed, 17 Feb 2010 18:52:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28085 Table A of Schedule I applied to a company limited by shares unless excluded or modified by its articles, and where the articles did not exclude it, item 65 could support payment of directors' remuneration and expenses. The payment was also ratified by a company resolution, so it was not unauthorised merely because the articles did not contain an express clause permitting it. On that basis, the disallowance was held unjustified and the Tribunal was said to have been wrong in sustaining the Commissioner's revisionary order under section 263. Case-Laws Income Tax Mon, 13 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28085