1983 (7) TMI 70

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....neration received by him as income form other sources and not as salary as claimed by the assessee. The AAC has confirmed that decision. The reasons for the AACs' decision are that (i) the assessee was entitled to receive not only remuneration but also bonus and was allowed to participate in the profits of the company; (ii) the articles of the company provided that the Director could vest in the M....

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....partmental representative on the other hand, replied that the remuneration was not included in s. 17 which defines salary. The assessee's Advocate had pointed out that the standard deduction had been granted to the assessee for the earlier assessment year. To this the ld. departmental representative replied that every assessment year is separate and for this year the assessee had not claimed the s....

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....have to find out whether the assessee was an employee or not. It is well-known fact that the employees is a person who is under the direct supervision of the employer. Clause 33 of the articles specified that the powers of the Directors may be vested in Managing Director upon such terms and conditions and subject to such restrictions the Directors may think expedient. Therefore, although the power....