Professional receipt taxable as Income from Profession & not under Salary

Jayaram Rangan Vs ACIT (ITAT Chennai) ITAT Chennai held that professional fees received cannot be taxed under the head Salary merely because consultant/ professional is appointed as managing director of the company. Various details filed undoubtedly proves that professional service is rendered and accordingly taxable under ‘income from profession’. Facts- During the course of assessment proceedings, it was noticed that the assessee derives consultancy income from M/s. Fichtner Consulting Engineers (India) P.Ltd. and sitting fees from M/s. Consolidated Construction Consortium Ltd. The asses...