Directors' Remuneration Disallowed Due to Inactivity: No Business Conducted by Company Last Year.

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....There were no efforts or contributions made by the Directors to carry on the business of the company as in-fact no business was carried on by the assessee company during the entire previous year, hence in our considered view , the remuneration of ₹ 1,38,000/- paid to Directors was rightly disallowed - AT....