IT: Commission paid to directors in form of remuneration, for services rendered by them cannot be considered as dividend/profits

IT: Commission paid to directors in form of remuneration, for services rendered by them cannot be considered as dividend/profits

IT: Where payment of commission to directors, who were major shareholders was on record, same could not be disallowed invoking reassessment proceeding on ground that there was payment of dividend/profits


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[2013] 36 taxmann.com 314 (Delhi)
HIGH COURT OF DELHI
Commissioner of Income-tax -I
v.
Convertech Equipments (P.) Ltd.*