https://www.taxtmi.com/caselaws?id=28118 The High Court ruled in favor of the assessee, stating that the Tribunal was not justified in disallowing part of the commission paid to the directors for the relevant assessment year. The court emphasized that the reasonableness of payments to directors should be assessed based on legitimate business needs and benefits to the company. Considering the increase in the company's profits and the commercial expediency of the payments, the court found the commission paid to be reasonable and in line with prudent business practices. en-us Mon, 16 May 1983 00:00:00 +0530 Fri, 19 Feb 2010 11:33:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28118 The High Court ruled in favor of the assessee, stating that the Tribunal was not justified in disallowing part of the commission paid to the directors for the relevant assessment year. The court emphasized that the reasonableness of payments to directors should be assessed based on legitimate business needs and benefits to the company. Considering the increase in the company's profits and the commercial expediency of the payments, the court found the commission paid to be reasonable and in line with prudent business practices. Case-Laws Income Tax Mon, 16 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28118