1992 (8) TMI 35

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....her directors. Her remuneration as a director for the assessment years. 1978-79, 1979-80, 1980-81 and 1981-82, was assessed as income from other sources. She claimed the same to be salary from the company and, on that account, urged that she would be entitled to deduction under section 16(i) of the Income-tax Act, 1961. Her claim was rejected. Aggrieved by the order, she preferred an appeal before....

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....ich she acted as a director can be said to be that of an employee and an employer so that the assessee would be entitled to the deduction under section 16(i) of the Income-tax Act, 1961 ? " Other directors of the company were similarly assessed and had become successful before the Tribunal by interpretation of the clauses of the same articles of association of the company. In S. J. C. Nos. 20 to ....