High Court Rules No Additional Tax on Company u/s 40A(2) if Directors Already Taxed Equivalently.

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....Addition u/s 40A(2) - excessive remuneration - whether the Revenue can tax the same income in the hands of the company on which the Directors had already paid the tax at the same rate at which the company would have been liable to be assessed? - the question of revenue neutrality would immediately arise. - No addition - HC....