1994 (11) TMI 119

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....he Tribunal has referred the following question for the opinion of this court : " 1. Whether, on the facts and circumstances, the Income-tax Appellate Tribunal was justified in holding that the assessee was entitled to standard deduction under section 16(i) from the remuneration received as director ? " The assessee is a director in Durga Films Trade Private Limited. He received certain remu....

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....er, having approached the Tribunal to refer the question of law arising therefrom, the learned Tribunal has referred the question as already stated. The question whether the remuneration of a director of a private limited company can be held to be salary from which deduction as permissible under section 16 of the Income-tax Act to be claimed came up for consideration directly before this court ....