Remuneration to Director who is a CA due to Experience which has no bearing on his Shareholding, is not ‘Dividend’: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the remuneration paid to Director of company, who is an experienced Chartered Accountant in commensuration with his experience which has no bearing on his shareholding, cannot be construed as ‘Dividend’ under the Income Tax Act, 1961. The assessee Company is engaged in […]

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