https://www.taxtmi.com/caselaws?id=37725 Section 10(4A) of the Indian Income-tax Act, 1922 was confined to disallowance of an allowance claimed under section 10(2) where remuneration, benefit or amenity to a director or person with substantial interest was found excessive or unreasonable having regard to business needs and the benefit derived. A disallowance based instead on the view that part of the director's salary related to extended business requirements did not satisfy those statutory conditions, and the revenue could not rescue the adjustment under section 10(2)(xv) because the assessment was not made on that footing. The disallowance therefore could not be sustained under section 10(4A). en-us Mon, 12 Aug 1974 00:00:00 +0530 Wed, 31 Mar 2010 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37725 Section 10(4A) of the Indian Income-tax Act, 1922 was confined to disallowance of an allowance claimed under section 10(2) where remuneration, benefit or amenity to a director or person with substantial interest was found excessive or unreasonable having regard to business needs and the benefit derived. A disallowance based instead on the view that part of the director's salary related to extended business requirements did not satisfy those statutory conditions, and the revenue could not rescue the adjustment under section 10(2)(xv) because the assessment was not made on that footing. The disallowance therefore could not be sustained under section 10(4A). Case-Laws Income Tax Mon, 12 Aug 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37725