Remuneration to Director in proportion to his Experience which has no bearing on his shareholding is not Dividend: ITAT [Read Order]

The Delhi ITAT, in a significant ruling, held that the remuneration paid to Director of company in commensuration with his experience which has no bearing on his shareholding, cannot be construed as ‘dividend’ under the Income Tax Act. The assessee company engaged in the business of Management Consultancy Services, filed its return for relevant AY. […]

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