I have below code but don't want to encode the image as Base64 just link the image and get it with same function.
<img src="data:image/png;base64,'.base64_encode(file_get_contents(get_field('email_logo', 'option')['url'])).'" alt="The Domain" />
How to call the function inside img src?
If you want only the link and it's correct as it is:
<img src="'.get_field('email_logo', 'option')['url'].'"/>
You've not shown us how this bit of code connects to the PHP around it. Assuming that there is a closed PHP block before hand, rather than this appearing in a print or heredoc...
?>
...
<img src="data:image/png;base64,
<?php
print base64_encode(file_get_contents(
get_field('email_logo', 'option')['url']
));
?>'" alt="The Domain" />