https://www.taxtmi.com/caselaws?id=58739 The appeals were dismissed, affirming disallowances under sections 40(c) and 40A(5) for remuneration paid to the Managing Director and employees. The Tribunal limited the disallowance for the Managing Director's remuneration and upheld disallowances for excess remuneration and commission. Disallowances under 40A(5) were upheld based on actual rent paid to employees, rejecting arguments for perquisite value. The decisions aligned with prior judicial interpretations, distinguishing between actual expenditure and perquisite value as per tax laws. en-us Wed, 11 Aug 1982 00:00:00 +0530 Tue, 21 Dec 2010 17:36:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58739 The appeals were dismissed, affirming disallowances under sections 40(c) and 40A(5) for remuneration paid to the Managing Director and employees. The Tribunal limited the disallowance for the Managing Director's remuneration and upheld disallowances for excess remuneration and commission. Disallowances under 40A(5) were upheld based on actual rent paid to employees, rejecting arguments for perquisite value. The decisions aligned with prior judicial interpretations, distinguishing between actual expenditure and perquisite value as per tax laws. Case-Laws Income Tax Wed, 11 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58739