Case Law Details
Case Name : Mehta Equities Ltd. Vs DCIT (ITAT Mumbai)
Related Assessment Year : 2012-13
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Mehta Equities Ltd. Vs DCIT (ITAT Mumbai)
The issue under consideration is whether the CIT(A) is correct in upholding the action of the Assessing Officer in making a disallowance under section 36(1)(ii) of the Act; being bonus paid to the Directors of the Company by holding that such payments are in lieu of dividend or profits?
That there is no law that the assessee-company can be forced to pay dividend. However, learned Counsel of the assessee could not make cogent submis
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.
Particulars : There is inconsistency in Any sum paid to an employee as bonus or commission for services rendered, where such sum was otherwise payable to him as profits or dividend.[36(1)(ii)]claimed in return in schedule OI and audit report
₹30,000
Amount mentioned in form Annexure 3CD (b)
₹0
Amount mentioned in the Income Tax Return (a)
₹30,000
Variance (b)-(a) returne rectification