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Commission to working director-shareholder cannot be disallowed merely because assessee-company did not declare dividend

Case Law Details

Case Name
Coil Company (P.) Ltd. Vs ACIT (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2005-06 to 2007-08
Courts
ITAT Delhi
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ITAT DELHI Coil Company (P.) Ltd. v/s. ACIT IT Appeal Nos. 1389 (Delhi) of 2009 2648 (Delhi) of 2010 and 425 (Delhi) of 2011 [Assessment Years 2005-06 to 2007-08] MAY 25, 2012  ORDER Rajpal Yadav, Judicial Member-In this bunch of three appeals, ITA No. 452/Del/2011 in assessment year 2006-07 is directed at the instance of revenue against the order of Learned CIT(Appeals) dated 18.11.2010. Whereas, in assessment years 2005-06 and 2007-08, assessee is in appeal against the orders of Learned CIT(Appeals) dated 13.2.2009 and 31.3.2010 respectively. The major common issue involved in all these app...
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