Held that increase in payment to director, company approved on 30-9-2004. Expenditure not deductible in Assessment Year 2004-05. (AY.2004-05)
UC Mas Mental Arithmetic (India) Pvt. Ltd. v. ACIT (2025)472 ITR 585 (Mad)(HC)
S. 37(1) : Business expenditure-Increase in payment to director- Company approved on 30-9-2004-Expenditure not deductible in Assessment Year 2004-05. [S. 145, 260A]
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