https://www.taxtmi.com/caselaws?id=37418 Where a company's business has expanded and the managing director's workload has increased, enhanced managerial remuneration should be tested from the standpoint of a prudent businessman rather than by a subjective standard of moderation. If the increase is commercially warranted, the allowance should not be curtailed merely because a court or tribunal considers the rise excessive on an abstract view. On that approach, partial disallowance of the increased remuneration was not sustainable. en-us Fri, 02 Feb 1979 00:00:00 +0530 Mon, 29 Mar 2010 15:35:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37418 Where a company's business has expanded and the managing director's workload has increased, enhanced managerial remuneration should be tested from the standpoint of a prudent businessman rather than by a subjective standard of moderation. If the increase is commercially warranted, the allowance should not be curtailed merely because a court or tribunal considers the rise excessive on an abstract view. On that approach, partial disallowance of the increased remuneration was not sustainable. Case-Laws Income Tax Fri, 02 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37418