https://www.taxtmi.com/caselaws?id=270825 The appellate tribunal ruled in favor of the assessee company, determining that the remuneration paid to the director should be considered as salary subject to TDS under section 192 of the Income Tax Act, 1961. The tribunal found that the nature of the relationship between the company and the director indicated an employer-employee relationship, despite the company treating the remuneration as professional fees. The case was remanded to the Assessing Officer for a fresh decision based on this interpretation. The judgment emphasized the significance of contractual terms and actual conduct in determining the appropriate tax treatment under different sections of the Income Tax Act. en-us Mon, 30 Nov 2015 00:00:00 +0530 Wed, 13 Jan 2016 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270825 The appellate tribunal ruled in favor of the assessee company, determining that the remuneration paid to the director should be considered as salary subject to TDS under section 192 of the Income Tax Act, 1961. The tribunal found that the nature of the relationship between the company and the director indicated an employer-employee relationship, despite the company treating the remuneration as professional fees. The case was remanded to the Assessing Officer for a fresh decision based on this interpretation. The judgment emphasized the significance of contractual terms and actual conduct in determining the appropriate tax treatment under different sections of the Income Tax Act. Case-Laws Income Tax Mon, 30 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270825