Case Law Details
Case Name : D.C.I.T. Vs. M/s. Associated Pigments Ltd. (ITAT Kolkata)
Related Assessment Year : 2011-12
Courts :
All ITAT ITAT Kolkata
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
D.C.I.T. Vs. M/s. Associated Pigments Ltd. (ITAT Kolkata)
Commission to Director based on % of Profit is allowable in the year of Profit Determination
The Ld. Counsel contended that the commission was payable by the assessee company to its Managing Director @ 1% of the profits of the concerned financial year. He has contended that since the profit of the financial year 2009-10 was determined only in the financial year 2010-11 after finalizing the account, the allow ability on account of commission was crystallized only in the financial year 20
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.