https://www.taxtmi.com/caselaws?id=259314 The High Court held that professional fees received by a former legal professional, who became a judge, were not taxable under Section 176(4) of the Income Tax Act. The Court agreed with the ITAT's decision, stating that the amounts received post-discontinuation of the legal profession were not taxable as income from business or profession. The Court emphasized that Section 176(4) did not deem such receipts as taxable and ruled in favor of the assessee, affirming that the amounts were not subject to tax. en-us Mon, 08 Dec 2014 00:00:00 +0530 Sat, 02 Sep 2023 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259314 The High Court held that professional fees received by a former legal professional, who became a judge, were not taxable under Section 176(4) of the Income Tax Act. The Court agreed with the ITAT's decision, stating that the amounts received post-discontinuation of the legal profession were not taxable as income from business or profession. The Court emphasized that Section 176(4) did not deem such receipts as taxable and ruled in favor of the assessee, affirming that the amounts were not subject to tax. Case-Laws Income Tax Mon, 08 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259314