private limited company judiciary-2

Increase in turnover cannot be the sole criteria for steep increase in remuneration payable to director

Shree Laxmi Marketing Pvt. Ltd. Vs ACIT (ITAT Pune)

15. In so far as the assessee's contention that as the remuneration paid to the directors were increased in a properly called meeting of the Board of Directors, such payment is to be considered as reasonable and not excessive, we are of the view that this contention of the assessee would be of no much assistance to the assessee as discuss...

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