Remunerations of director not violation of 40(2) if the director is a relative and expenses not proved as excessive and unreasonable: ITAT Delhi [Read Order]

The Income Tax Appellate Tribunal (ITAT) Delhi has held that remunerations given to a company director, who happens to be a relative do not fall as a disallowance under section 40(2) of the Income Tax act if such expense is not proved to be excessive and unreasonable. In the said case of Kushal Infra project […]

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