https://www.taxtmi.com/caselaws?id=66325 The tribunal upheld the order of the Appellate Authority Commissioner (AAC) and concluded that the remuneration received by the Managing Director should be assessed under the head of income - salary. The tribunal considered the agreement, Articles of Association, and relevant case law, determining the relationship between the company and the Managing Director as that of an employer and employee. Standard deduction was deemed allowable, leading to the dismissal of Revenue's appeals and the affirmation of the AAC's decision. en-us Mon, 25 Aug 1986 00:00:00 +0530 Wed, 23 Feb 2011 15:49:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66325 The tribunal upheld the order of the Appellate Authority Commissioner (AAC) and concluded that the remuneration received by the Managing Director should be assessed under the head of income - salary. The tribunal considered the agreement, Articles of Association, and relevant case law, determining the relationship between the company and the Managing Director as that of an employer and employee. Standard deduction was deemed allowable, leading to the dismissal of Revenue's appeals and the affirmation of the AAC's decision. Case-Laws Income Tax Mon, 25 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66325