Director remuneration cannot be disallowed merely for loss Shown by Assessee

Advocate Akhilesh Kumar Sah Bombay Samachar Pvt. Ltd. Vs DCIT (ITAT Mumbai) The Bombay Samachar Pvt. Ltd. Case:  Where Disallowance Of Remuneration To Directors Is Because Of Loss Shown By The Assessee. The Remuneration Cannot Be Disallowed Recently, in the Bombay Samachar Pvt. Ltd. vs. DCIT [I.T.A. No. 6663/Mum/2017 A.Y. 2013-14, decided on 15.01.2019], briefly, the solitary contested ground raised by the assessee related to the contesting of the order of CIT(A) in upholding the disallowance made by AO under section 40A(2) of the Income Tax Act, 1961 (for short ‘the Act’). AR appearing...