https://www.taxtmi.com/caselaws?id=276362 The court ruled against the assessees, stating that the exemption under the notification was not applicable due to the absence of a deduction claim by the company. The judgment clarified the requirement for the company to claim deductions annually for the assessees to be exempt from taxation on the directors' remuneration. The court directed the assessees to pay the costs of the Commissioner of Income-tax. en-us Mon, 05 Feb 1962 00:00:00 +0530 Thu, 08 Nov 2018 11:14:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276362 The court ruled against the assessees, stating that the exemption under the notification was not applicable due to the absence of a deduction claim by the company. The judgment clarified the requirement for the company to claim deductions annually for the assessees to be exempt from taxation on the directors' remuneration. The court directed the assessees to pay the costs of the Commissioner of Income-tax. Case-Laws Income Tax Mon, 05 Feb 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276362