https://www.taxtmi.com/caselaws?id=39315 The court held that the director's remuneration, waived after accrual, was taxable income as per established legal principles. The waiver did not negate the tax liability of the accrued income, following the precedent set by the Supreme Court. The court ruled in favor of the Revenue, allowing them to recover costs. en-us Tue, 29 Apr 1975 00:00:00 +0530 Thu, 15 Apr 2010 15:12:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39315 The court held that the director's remuneration, waived after accrual, was taxable income as per established legal principles. The waiver did not negate the tax liability of the accrued income, following the precedent set by the Supreme Court. The court ruled in favor of the Revenue, allowing them to recover costs. Case-Laws Income Tax Tue, 29 Apr 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39315