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Income Tax Act Section 40A(2)(b): Director Remuneration Increase Taxable, Rs. 30 Lakhs Deduction Allowed.

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Full Text of the Document

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....Addition u/s. 40A(2)(b) of the Income Tax Act purely on the ground that the assessee has increased remuneration to its Directors - Remuneration of Rs.30,00,000/- considered as taxable under the abovementioned section 40A(2)(b) - Deduction allowed - AT....