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1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


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<h1>Director's remuneration not salary for standard deduction under Income-tax Act. Court denies deduction.</h1> The High Court of Orissa held that the remuneration received by a director of a private limited company is not considered salary for claiming standard ... Addition To Income, Criminal Proceedings, Levy Of Penalty The High Court of Orissa ruled that the remuneration received by a director of a private limited company cannot be considered as salary for the purpose of claiming standard deduction under section 16(i) of the Income-tax Act. The court based its decision on previous case law and held in favor of the Department, denying the deduction to the assessee.