https://www.taxtmi.com/caselaws?id=466760 The tribunal held that the statutory cap on managerial remuneration applicable to public companies cannot be used to disallow profit linked incentives paid by a private limited company, and therefore the disallowance of Rs. 13,62,000 was deleted. Separately, the tribunal upheld an assessing officer's addition of interest for delayed TDS where the assessee filed no material to explain or contest the delay, confirming the interest addition of Rs. 40,223. Outcome: incentive disallowance deleted; interest on delayed TDS confirmed. en-us Tue, 25 Feb 2025 00:00:00 +0530 Wed, 18 Feb 2026 20:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466760 The tribunal held that the statutory cap on managerial remuneration applicable to public companies cannot be used to disallow profit linked incentives paid by a private limited company, and therefore the disallowance of Rs. 13,62,000 was deleted. Separately, the tribunal upheld an assessing officer's addition of interest for delayed TDS where the assessee filed no material to explain or contest the delay, confirming the interest addition of Rs. 40,223. Outcome: incentive disallowance deleted; interest on delayed TDS confirmed. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466760