1979 (4) TMI 48

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....1st March,1974 respectively. 2. As a common point for decision is involved in both the appeals, these have been heard together and are being disposed of by a consolidated order. 3. The common ground taken by the assessee in both the appeals relate to the disallowance of Rs. 6,000 for each of the two years being the amount disallowed out of directors remuneration paid to one Mr. Virani. The ITO....

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....e same remuneration since long and since the business of the assessee remained dormant there could not be any curtailment in his remuneration. The AAC did not agree with the contention of the assessee and observed that since the year 1965 the business of the assessee company had practically stopped and in this view of the matter the ITO was justified in disallowing a portion of the remuneration. T....

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.... assessee was at stand still. The learned counsel for the assessee contended that Shri Virani was looking after the left over business of the assessee company and he was attending all the jobs connected with the business even to the extent of attending income tax proceedings before the ITO. He further contended that there was no reason to justify the disallowance for the first time in these asst. ....