ITAT Ahmedabad Upholds ₹2.40 Cr Disallowance u/s 40A(2)(b) for Excess Director Remuneration

DCIT Vs Khyati Chemicals Private Limite (ITAT Ahmedabad)

Excess Director Remuneration Restored Under Section 40A(2)(b) – ITAT Ahmedabad Reverses CIT(A) and Upholds ₹2.40 Crore Disallowance

The Ahmedabad Bench of the ITAT allowed the Revenue’s appeal for AY 2018-19 and restored the disallowance of ₹2.40 crores u/s 40A(2)(b) made on account of excessive remuneration paid to two whole-time directors of Khyati C

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