Sponsored
    Follow Us:

Case Law Details

Case Name : D.C.I.T. Vs. M/s. Associated Pigments Ltd. (ITAT Kolkata)
Related Assessment Year : 2011-12
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

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31