https://www.taxtmi.com/caselaws?id=18774 The High Court upheld the Tribunal's decision, determining that the managing director's remuneration should be assessed under the head "Salary" as an employer-employee relationship existed between the company and the assessee. The Court emphasized the importance of the managing director's accountability to the company in establishing the nature of the relationship, rather than the extent of powers held. The decision favored the assessee over the Revenue, with no order as to costs. en-us Mon, 18 Jan 1993 00:00:00 +0530 Mon, 02 Nov 2009 10:12:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18774 The High Court upheld the Tribunal's decision, determining that the managing director's remuneration should be assessed under the head "Salary" as an employer-employee relationship existed between the company and the assessee. The Court emphasized the importance of the managing director's accountability to the company in establishing the nature of the relationship, rather than the extent of powers held. The decision favored the assessee over the Revenue, with no order as to costs. Case-Laws Income Tax Mon, 18 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18774