Court Rules Commission to Directors Not Linked to Dividend Tax Evasion; Disallowance Overturned.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Disallowance of commission paid to directors - allegation that commission was paid to avoid dividend distribution tax - there being no nexus between the two payments i.e., commission and dividend to the directors, the disallowance made could not have been sustained. - AT....