https://www.taxtmi.com/caselaws?id=38041 Director's remuneration and profit commission were treated as commercially justifiable where the director had technical qualification, business experience, and actual supervisory responsibility, and the appointment and terms had corporate approval. The Court approved the Tribunal's approach of testing excessiveness from the standpoint of a prudent businessman, and held that the Supreme Court's earlier observations were context-specific rather than a universal checklist. On the facts found, the payment was not excessive or unreasonable, so disallowance under section 10(4A) was not warranted. en-us Thu, 27 Apr 1978 00:00:00 +0530 Fri, 02 Apr 2010 17:03:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38041 Director's remuneration and profit commission were treated as commercially justifiable where the director had technical qualification, business experience, and actual supervisory responsibility, and the appointment and terms had corporate approval. The Court approved the Tribunal's approach of testing excessiveness from the standpoint of a prudent businessman, and held that the Supreme Court's earlier observations were context-specific rather than a universal checklist. On the facts found, the payment was not excessive or unreasonable, so disallowance under section 10(4A) was not warranted. Case-Laws Income Tax Thu, 27 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38041