https://www.taxtmi.com/caselaws?id=776983 ITAT CHENNAI - AT allowed the appeal, holding that performance bonuses paid to director-shareholders were allowable business expenditures. The tribunal found both directors were primary technical and administrative resources whose special services directly generated new orders and enabled the company to exceed the Rs.1 crore turnover threshold. The performance bonus was held to be linked to duties performed; the AO was directed to delete the disallowance. en-us Wed, 08 Jan 2025 00:00:00 +0530 Fri, 22 Aug 2025 08:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776983 ITAT CHENNAI - AT allowed the appeal, holding that performance bonuses paid to director-shareholders were allowable business expenditures. The tribunal found both directors were primary technical and administrative resources whose special services directly generated new orders and enabled the company to exceed the Rs.1 crore turnover threshold. The performance bonus was held to be linked to duties performed; the AO was directed to delete the disallowance. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776983