https://www.taxtmi.com/caselaws?id=60161 The Appellate Tribunal ITAT CALCUTTA-B allowed the appeals by the assessee, overturning the disallowance of directors' remuneration for the assessment years 1973-74 and 1974-75. The ITAT found that the director had been consistently receiving remuneration since 1962-63, remained actively involved in managing the company despite business slowdown, and his medical expenses were previously allowed. Emphasizing the director's ongoing contributions and responsibilities, the ITAT concluded that the disallowances were unjustified and deleted them for both years, highlighting the importance of assessing directors' roles in such circumstances. en-us Sat, 28 Apr 1979 00:00:00 +0530 Tue, 04 Jan 2011 10:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60161 The Appellate Tribunal ITAT CALCUTTA-B allowed the appeals by the assessee, overturning the disallowance of directors' remuneration for the assessment years 1973-74 and 1974-75. The ITAT found that the director had been consistently receiving remuneration since 1962-63, remained actively involved in managing the company despite business slowdown, and his medical expenses were previously allowed. Emphasizing the director's ongoing contributions and responsibilities, the ITAT concluded that the disallowances were unjustified and deleted them for both years, highlighting the importance of assessing directors' roles in such circumstances. Case-Laws Income Tax Sat, 28 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60161