Global Calcium Private Limited Vs Assistant Commissioner
- Court:
- High Court
- Bench:
- Madras
- Date:
- January 18, 2024
- Type:
- Writ Petition
- Members:
- SENTHILKUMAR RAMAMOORTHY
Subject
Director’s remuneration which are declared as 'Salaries' in the books of a company and subjected to TDS under Section 192 of the IT Act, are not taxable being consideration for services by an employee to the employer
Summary
The case involves a petitioner engaged in the supply of Bulk Drugs and Pharmaceutical Intermediaries disputing three separate assessment orders related to Input Tax Credit (ITC), performance-linked incentives to whole-time directors, and E-way bill d…
Judgement
FULL TEXT OF THE JUDGMENT/ORDER OF MADRAS HIGH COURT In these three writ petitions, three separate assessment orders relating to financial years 2017-2018, 2018-2019 and 2019-2020 are challenged. 2. The petitioner is in the business of supply of Bulk Drugs and Pharmaceutical Intermediaries. As a registered person under GST laws, the petitioner filed returns periodically. Pursuant to an…