https://www.taxtmi.com/caselaws?id=58242 The Tribunal partly allowed the appeal, ruling that the assessment was validly reopened under section 147(b) of the Income-tax Act, 1961. However, it held that no disallowance could be made under section 40A(5) for the remuneration paid to the employees, including the deferred annuity component. The Tribunal determined that the deferred annuity payments did not qualify as remuneration under section 40A(5) and were not subject to disallowance, distinguishing the case from previous decisions cited by the revenue. en-us Tue, 15 Nov 1983 00:00:00 +0530 Sat, 18 Dec 2010 11:13:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58242 The Tribunal partly allowed the appeal, ruling that the assessment was validly reopened under section 147(b) of the Income-tax Act, 1961. However, it held that no disallowance could be made under section 40A(5) for the remuneration paid to the employees, including the deferred annuity component. The Tribunal determined that the deferred annuity payments did not qualify as remuneration under section 40A(5) and were not subject to disallowance, distinguishing the case from previous decisions cited by the revenue. Case-Laws Income Tax Tue, 15 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58242