https://www.taxtmi.com/caselaws?id=277220 Directors' fees fixed by a company's articles are treated as remuneration for the office of director and, absent an agreement or statutory rule allocating part to an exempt Part B State, need not be apportioned when assessing taxable income in British India; the seat of management (Calcutta) is the locus where the office is carried on and thus where the remuneration is earned. The note rejects ad hoc apportionment based on the proportion of profits arising in the Part B State as speculative and unjust, and concludes the whole fee is deductible against India-taxable income unless allocation is specified. en-us Wed, 06 Dec 1950 00:00:00 +0530 Thu, 29 Nov 2018 12:46:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277220 Directors' fees fixed by a company's articles are treated as remuneration for the office of director and, absent an agreement or statutory rule allocating part to an exempt Part B State, need not be apportioned when assessing taxable income in British India; the seat of management (Calcutta) is the locus where the office is carried on and thus where the remuneration is earned. The note rejects ad hoc apportionment based on the proportion of profits arising in the Part B State as speculative and unjust, and concludes the whole fee is deductible against India-taxable income unless allocation is specified. Case-Laws Income Tax Wed, 06 Dec 1950 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277220