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Excess salary paid to MD in contravention of limit provided under co. Act was taxable as income: ITAT
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Corporate Tax
Excess salary paid to MD in contravention of limit provided under co. Act was taxable as income: ITAT
Posted on
on
August 13, 2018
Tenet Tax Daily August 08 2018
By
tenettax-team
Corporate Tax
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HC quashes reassessment done without considering assessee’s explanation about cash deposit
Govt. grant received by a co. owned by the Govt. is capital receipt even if it is used for operational exp.
