Taxability of awards: non professional sportsmen's awards treated as non income gifts and not taxable; professional awards taxed as income. Awards to professional sportsmen are taxable as receipts in the exercise of a profession, whereas awards to non professional sportsmen are treated as gifts or personal testimonials and are not taxable as income; the assessing officer must determine professional status on the facts of each case, and any chargeability to gift tax will be considered separately.
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Provisions expressly mentioned in the judgment/order text.
Taxability of awards: non professional sportsmen's awards treated as non income gifts and not taxable; professional awards taxed as income.
Awards to professional sportsmen are taxable as receipts in the exercise of a profession, whereas awards to non professional sportsmen are treated as gifts or personal testimonials and are not taxable as income; the assessing officer must determine professional status on the facts of each case, and any chargeability to gift tax will be considered separately.
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