https://www.taxtmi.com/caselaws?id=26374 The High Court upheld the assessment of the managing director's remuneration as personal income, ruling in favor of the Revenue. The court emphasized the individual nature of the director's services and remuneration, concluding that the income was earned through personal services rather than as a return on investment. The agreement with the company and the treatment of remuneration in the firm's account supported this interpretation, leading to the decision that the remuneration constituted personal income assessable to the individual. en-us Wed, 09 Oct 1985 00:00:00 +0530 Thu, 04 Feb 2010 15:27:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26374 The High Court upheld the assessment of the managing director's remuneration as personal income, ruling in favor of the Revenue. The court emphasized the individual nature of the director's services and remuneration, concluding that the income was earned through personal services rather than as a return on investment. The agreement with the company and the treatment of remuneration in the firm's account supported this interpretation, leading to the decision that the remuneration constituted personal income assessable to the individual. Case-Laws Income Tax Wed, 09 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26374