https://www.taxtmi.com/caselaws?id=66237 The Tribunal upheld the taxability of professional fees received by the assessee after becoming a High Court Judge, following jurisdictional High Court precedent. It allowed the deduction of expenses incurred to earn the fees, emphasizing the deductibility of such expenses even from discontinued business or profession. The Tribunal criticized the Revenue for not adhering to CBDT instructions, dismissing their appeal and maintaining the Commissioner of Income-tax (Appeals)'s decision. It highlighted the importance of following CBDT instructions and criticized the Assessing Officer for baseless adverse observations against a constitutional functionary. en-us Tue, 30 Sep 2003 00:00:00 +0530 Tue, 22 Feb 2011 17:45:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66237 The Tribunal upheld the taxability of professional fees received by the assessee after becoming a High Court Judge, following jurisdictional High Court precedent. It allowed the deduction of expenses incurred to earn the fees, emphasizing the deductibility of such expenses even from discontinued business or profession. The Tribunal criticized the Revenue for not adhering to CBDT instructions, dismissing their appeal and maintaining the Commissioner of Income-tax (Appeals)'s decision. It highlighted the importance of following CBDT instructions and criticized the Assessing Officer for baseless adverse observations against a constitutional functionary. Case-Laws Income Tax Tue, 30 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66237