Commission paid to MD & working Directors is allowable expense

The Asst. Commissioner of Income Tax Vs. S.H. Kelkar & Co. Pvt. Ltd. (ITAT Mumbai) The first issue in this appeal of Revenue is against the order of CIT(A) deleting the dis allowance made by AO of ₹ 84,00,000/- as commission paid to managing director and two his working director. For this Revenue has raised following ground No. 1: – “1. “On the facts and circumstances of the case and in law, the Ld CIT(A) erred in deleting the dis allowance of Rs. 84,00,000/- made u/s 37(1)(iii) of the IT Act in respect of commission paid to Managing Director and Working Director?” Briefl...