https://www.taxtmi.com/caselaws?id=62992 The court held that the gratuity received by the assessee from the Life Insurance Corporation was not exempt under section 10(10)(iii) of the Income-tax Act, 1961, as the relationship was determined to be that of a principal-agent, not an employer-employee. Additionally, the gratuity amount was not classified as a casual and non-recurring receipt under section 10(3) due to its foreseeability upon retirement, leading to the appeal by the revenue being allowed and the cross-objection by the assessee being dismissed. The judgment emphasized the importance of control in the employer-employee relationship and the criteria for defining a casual receipt for tax purposes. en-us Fri, 23 Apr 1982 00:00:00 +0530 Tue, 22 Feb 2011 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62992 The court held that the gratuity received by the assessee from the Life Insurance Corporation was not exempt under section 10(10)(iii) of the Income-tax Act, 1961, as the relationship was determined to be that of a principal-agent, not an employer-employee. Additionally, the gratuity amount was not classified as a casual and non-recurring receipt under section 10(3) due to its foreseeability upon retirement, leading to the appeal by the revenue being allowed and the cross-objection by the assessee being dismissed. The judgment emphasized the importance of control in the employer-employee relationship and the criteria for defining a casual receipt for tax purposes. Case-Laws Income Tax Fri, 23 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62992