2021 (7) TMI 237

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....he Respondent Shri Dhrubajyoti Roy, JCIT ORDER Per Shri A.T.Varkey, JM This appeal preferred by the assessee is against the order of Ld. CIT(A)-4, Kolkata dated 30.05.2019 for A Y 2014. 2. At the outset, the Ld. AR Shri Sunil Surana, FCA submitted that though the assessee has raised 5 (five) grounds of appeal, the assessee is not pressing ground nos. 1 and 5 because these are general i....

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....ng through the facts that the whatever be the nomenclature the remuneration within the prescribed limit as per company law is allowable." 3. In respect of the aforesaid grounds it is noted that it pertains to disallowance of bonus and commission paid to the directors to the tune of Rs. 15,00,000 and Rs. 99,169/- respectively totalling to Rs. 15,99,169/- as per the agreement of their appointment....

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.... or commission for services rendered, where such sum would not have been payable to him as profits or dividend if it had not been paid as bonus or commission; 3. We note that the payments in question was made to Mrs. Rekha Jalan and Mr. S.K. Jalan, who were directors of the assessee company. These payments were made pursuant to agreements for payment of bonus and commission copies of whic....