https://www.taxtmi.com/caselaws?id=217138 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision that the receipts of Rs. 42,00,000 from M/s Forties Healthcare Ltd. should be taxed as professional fees under the head "income from business or profession." The Tribunal emphasized the limited duration of the agreement, the absence of typical employment benefits, and the principle of consistency with previous tax treatments. The appeal by the revenue was dismissed, affirming that the income was not to be classified as salary income but as professional fees. en-us Fri, 27 Jul 2012 00:00:00 +0530 Mon, 10 Sep 2012 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217138 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision that the receipts of Rs. 42,00,000 from M/s Forties Healthcare Ltd. should be taxed as professional fees under the head "income from business or profession." The Tribunal emphasized the limited duration of the agreement, the absence of typical employment benefits, and the principle of consistency with previous tax treatments. The appeal by the revenue was dismissed, affirming that the income was not to be classified as salary income but as professional fees. Case-Laws Income Tax Fri, 27 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217138