https://www.taxtmi.com/caselaws?id=754724 CESTAT Hyderabad held that remuneration paid to VCMD constitutes employer-employee relationship, not service provision under reverse charge mechanism. The VCMD, despite being co-promoter and majority shareholder, was appointed through proper board procedures with TDS deducted under Section 192 as salary. Court determined that Managing Director role creates employee status under Companies Act 2013, making payments exempt from service tax definition under Section 65B(44) of Finance Act 1944. Appeal allowed, impugned order set aside. en-us Fri, 28 Jun 2024 00:00:00 +0530 Fri, 28 Jun 2024 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754724 CESTAT Hyderabad held that remuneration paid to VCMD constitutes employer-employee relationship, not service provision under reverse charge mechanism. The VCMD, despite being co-promoter and majority shareholder, was appointed through proper board procedures with TDS deducted under Section 192 as salary. Court determined that Managing Director role creates employee status under Companies Act 2013, making payments exempt from service tax definition under Section 65B(44) of Finance Act 1944. Appeal allowed, impugned order set aside. Case-Laws Service Tax Fri, 28 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754724