Facts of the Case
The respondent-assessee, a private limited company, filed
its return declaring substantial income for AY 2009–10. During assessment under
Section 143(3), the Assessing Officer made a disallowance of ₹6.64 crore under
Section 36(1)(ii) on account of commission/incentive paid to its director, Mr.
Anshuman Magazine, who was also a shareholder.
The Revenue contended that such payment was in lieu of
dividend and intended to avoid dividend distribution tax. The CIT(A) upheld the
disallowance, holding that the commission was not for genuine business purposes
and lacked necessary approvals.
However, the ITAT allowed the assessee’s appeal, relying on consistency with earlier and subsequent assessment years where similar payments were allowed.
Issues Involved
- Whether
commission paid to a shareholder-director can be disallowed under Section
36(1)(ii) as disguised dividend.
- Whether
such payment constitutes genuine business expenditure.
- Whether
the principle of consistency applies when similar claims were accepted in
earlier and subsequent years.
- Whether absence or delay in approval invalidates such remuneration.
Petitioner’s Arguments (Revenue)
- The
ITAT erred in reversing the findings of CIT(A).
- The
commission paid was not for business purposes but to avoid dividend
distribution tax.
- The
Tribunal failed to consider that facts differed from earlier years where
dividends were declared.
- The disallowance under Section 36(1)(ii) was justified as the payment was excessive and not genuine.
Respondent’s Arguments (Assessee)
- Similar
commission payments were allowed in earlier and subsequent assessment
years.
- The
principle of consistency must be followed.
- The
payment was genuine and part of business expenditure.
- Approval
from competent authority, even if obtained later, relates back to the
relevant assessment year.
- The income was already taxed in the hands of the director.
Court’s Findings / Order
- The
High Court upheld the ITAT’s decision in favour of the assessee.
- It
held that:
- The
principle of consistency was correctly applied since similar payments
were accepted in other years.
- No
material was produced to show that the expenditure was not for business
purposes.
- The
reasoning for disallowance under Section 36(1)(ii) had been consistently
rejected in earlier years.
- No
substantial question of law arose for consideration.
Important Clarifications
- Commission
to a director-shareholder is not automatically treated as dividend.
- If
such expenditure is consistently allowed and taxed appropriately,
disallowance may not be justified.
- Principle
of consistency plays a crucial role in tax assessments.
- Approval
obtained subsequently can relate back to the relevant year.
- Burden lies on Revenue to prove lack of business purpose.
Link to download the order -https://delhihighcourt.nic.in/app/case_number_pdf/2020:DHC:1065-DB/SVN13022020ITA962020_160957.pdf
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