2016 (1) TMI 617

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....vity of rendering and supplying content for television channels and also in the business of purchase and sale of film and music software. 3. We have heard the arguments advanced by the learned representative of the parties and gone through the record. The matter of controversy between the parties is that whether the remuneration paid to the director Mr. K. S. Kalyansundaram is liable to be taxed in view of provision contended u/s. 192(1) of the Income Tax Act, 1961( in short "the Act") or is liable to be taxed in view of the provision contended in section 194J of the Act. Learned representative of the assessee has argued that Mr. K. S. Kalyansundaram is not the permanent/regular employee of the company, however, his professional services....

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.... and such other norms as laid down by the board of the company from time to time. d) The professional was appointed initially for a contract period of one year which was further expendable at the option of the assessee company e) The Professional was liable to be transferred from the post engaged in any other post in any other department of the company or its subsidiary/associate companies anywhere in India or abroad f) The Professional is required to devote full time and energy in the best interest of the company and shall not, while in service of company, undertake or concern itself directly or indirectly with any other employment or activity, g) All work developed during the employment of professional ....