https://www.taxtmi.com/caselaws?id=37845 Managing director remuneration is taxable as salary only where the articles of association and actual terms establish an employment relationship marked by company supervision and control. Lifetime appointment as permanent director, chairman and managing director, together with power to appoint or remove additional directors, indicated independent status rather than a contract of service; remuneration from Surrendra (Overseas) Pvt. Ltd. was therefore not salary under section 7 of the Indian Income-tax Act, 1922. Conversely, board control, restrictions on important powers and an obligation to follow board resolutions established employment; remuneration from Aminchand Pyarelal (Calcutta) Ltd. was taxable as salary. en-us Fri, 30 Sep 1977 00:00:00 +0530 Thu, 01 Apr 2010 13:52:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37845 Managing director remuneration is taxable as salary only where the articles of association and actual terms establish an employment relationship marked by company supervision and control. Lifetime appointment as permanent director, chairman and managing director, together with power to appoint or remove additional directors, indicated independent status rather than a contract of service; remuneration from Surrendra (Overseas) Pvt. Ltd. was therefore not salary under section 7 of the Indian Income-tax Act, 1922. Conversely, board control, restrictions on important powers and an obligation to follow board resolutions established employment; remuneration from Aminchand Pyarelal (Calcutta) Ltd. was taxable as salary. Case-Laws Income Tax Fri, 30 Sep 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37845