https://www.taxtmi.com/caselaws?id=5824 The Supreme Court held that the amount paid for deferred annuity policies by managing directors of a public limited company formed part of their remuneration chargeable under the head 'Salaries'. The Court rejected the argument that the resolutions postponed the accrual of income, concluding that the commission accrued to the directors and was then utilized for annuity policies as per the resolutions. The Court set aside previous judgments, ruling in favor of the Revenue and allowing the civil appeals with costs. en-us Wed, 15 Nov 2000 00:00:00 +0530 Fri, 28 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5824 The Supreme Court held that the amount paid for deferred annuity policies by managing directors of a public limited company formed part of their remuneration chargeable under the head 'Salaries'. The Court rejected the argument that the resolutions postponed the accrual of income, concluding that the commission accrued to the directors and was then utilized for annuity policies as per the resolutions. The Court set aside previous judgments, ruling in favor of the Revenue and allowing the civil appeals with costs. Case-Laws Income Tax Wed, 15 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5824