https://www.taxtmi.com/caselaws?id=32204 The court ruled in favor of the assessee, holding that the commission paid to directors was not subject to disallowance under section 40(c) of the Income-tax Act. The court emphasized the variable nature of the commission, which was determined based on net profits and not fixed for each director. This decision distinguished the case from previous rulings where remuneration was fixed, leading to the conclusion that the commission did not qualify as remuneration under the Act. en-us Tue, 22 Apr 2008 00:00:00 +0530 Sat, 24 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32204 The court ruled in favor of the assessee, holding that the commission paid to directors was not subject to disallowance under section 40(c) of the Income-tax Act. The court emphasized the variable nature of the commission, which was determined based on net profits and not fixed for each director. This decision distinguished the case from previous rulings where remuneration was fixed, leading to the conclusion that the commission did not qualify as remuneration under the Act. Case-Laws Income Tax Tue, 22 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32204