High Remuneration paid to Directors can’t be Disallowed If Same is already subjected to Tax through Personal Returns: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the payment of high remuneration to Directors cannot be disallowed by treating the same as a tool to shift profits to evade tax if the Directors have already offered the income for tax through their personal returns. The assessee company, publishes a newspaper in Vernacular […]

The post High Remuneration paid to Directors can’t be Disallowed If Same is already subjected to Tax through Personal Returns: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

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