https://www.taxtmi.com/caselaws?id=168324 A payment received by an employee under a separate housing agreement was not taxable as a profit or perquisite from employment under Schedule E. Taxability depended on whether the employment was the real source of the receipt, rather than merely the occasion for it. Here, the salary was fixed independently, the arrangement was a genuine bargain to support employee relocation and employer staffing policy, and the sum was referable to the employee's loss on resale under that contract. The payment was therefore not remuneration for services and was not assessable to income tax under Schedule E. en-us Mon, 30 Nov 1959 00:00:00 +0530 Thu, 19 Feb 2015 17:35:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168324 A payment received by an employee under a separate housing agreement was not taxable as a profit or perquisite from employment under Schedule E. Taxability depended on whether the employment was the real source of the receipt, rather than merely the occasion for it. Here, the salary was fixed independently, the arrangement was a genuine bargain to support employee relocation and employer staffing policy, and the sum was referable to the employee's loss on resale under that contract. The payment was therefore not remuneration for services and was not assessable to income tax under Schedule E. Case-Laws Income Tax Mon, 30 Nov 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168324