https://www.taxtmi.com/caselaws?id=59136 The Tribunal allowed the assessee's appeal, overturning the CIT's order under section 263 of the IT Act for the assessment year 1983-84. The Tribunal held that the payment of Rs. 4,00,000 for story and script writing should not be disallowed under section 40(c) as it was not in the capacity of a director. Additionally, the Tribunal found the ITO's assessment order to be valid, aligning with previous decisions, and dismissed the CIT's assertion of error, ultimately ruling in favor of the assessee and vacating the CIT's order. en-us Wed, 28 Feb 1990 00:00:00 +0530 Sat, 25 Dec 2010 12:12:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59136 The Tribunal allowed the assessee's appeal, overturning the CIT's order under section 263 of the IT Act for the assessment year 1983-84. The Tribunal held that the payment of Rs. 4,00,000 for story and script writing should not be disallowed under section 40(c) as it was not in the capacity of a director. Additionally, the Tribunal found the ITO's assessment order to be valid, aligning with previous decisions, and dismissed the CIT's assertion of error, ultimately ruling in favor of the assessee and vacating the CIT's order. Case-Laws Income Tax Wed, 28 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59136