https://www.taxtmi.com/caselaws?id=37495 The court held that Section 40(c)(iii) of the Income-tax Act, 1961, applied for the period from March 1, 1963, to September 30, 1963. Consequently, any remuneration exceeding Rs. 5,000 per month during this period could be disallowed. The court ruled in favor of the revenue, allowing the disallowance of excessive remuneration. en-us Tue, 20 Feb 1979 00:00:00 +0530 Tue, 30 Mar 2010 11:43:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37495 The court held that Section 40(c)(iii) of the Income-tax Act, 1961, applied for the period from March 1, 1963, to September 30, 1963. Consequently, any remuneration exceeding Rs. 5,000 per month during this period could be disallowed. The court ruled in favor of the revenue, allowing the disallowance of excessive remuneration. Case-Laws Income Tax Tue, 20 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37495