V. Ramakrishnan v. DCIT (2019) 263 Taxman 145 (Mad.)(HC)

S. 15 : Salaries–Provision made by a company for payment of managerial remuneration- Liable to be assessed as salary.

Dismissing the appeal of the assessee the Court held that; provision made by a company for payment of managerial remuneration to Managing Director, liable to be assessed as salary, as definition of word ‘salary’ under section 15 includes both ‘salary’ actually received or accrued to person concerned. (AY.1999-2000)