https://www.taxtmi.com/caselaws?id=14276 The High Court ruled in favor of the Revenue, holding that sitting fees paid to directors are considered remuneration under section 40(c) of the Income-tax Act, 1961. The Court determined that such fees constitute payment for services rendered and are subject to disallowance. Consequently, the additions made by the Income-tax Officer were upheld, emphasizing that sitting fees are encompassed by section 40(c) and must be included in the computation of disallowance. en-us Wed, 07 Feb 2001 00:00:00 +0530 Tue, 14 Jul 2009 18:26:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14276 The High Court ruled in favor of the Revenue, holding that sitting fees paid to directors are considered remuneration under section 40(c) of the Income-tax Act, 1961. The Court determined that such fees constitute payment for services rendered and are subject to disallowance. Consequently, the additions made by the Income-tax Officer were upheld, emphasizing that sitting fees are encompassed by section 40(c) and must be included in the computation of disallowance. Case-Laws Income Tax Wed, 07 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14276