https://www.taxtmi.com/caselaws?id=27564 The remuneration of Rs. 5,14,157 paid to directors for the financial year ending March 31, 1967, was allowed as a deduction in the assessment year 1968-69. The court determined that the directors were employees of the company based on the terms of their remuneration and control exercised by the company, making contributions to their provident fund and superannuation fund deductible. The case was remitted to the Income-tax Appellate Tribunal for further proceedings. en-us Fri, 27 Jul 1984 00:00:00 +0530 Sat, 13 Feb 2010 15:55:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27564 The remuneration of Rs. 5,14,157 paid to directors for the financial year ending March 31, 1967, was allowed as a deduction in the assessment year 1968-69. The court determined that the directors were employees of the company based on the terms of their remuneration and control exercised by the company, making contributions to their provident fund and superannuation fund deductible. The case was remitted to the Income-tax Appellate Tribunal for further proceedings. Case-Laws Income Tax Fri, 27 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27564