https://www.taxtmi.com/caselaws?id=180693 The Delhi High Court, in the case of Department v. Legal Heir of the Deceased assessee, ruled that the amount received by the deceased could not be considered as 'income' under the Income Tax Act, 1961. The Court emphasized that not all receipts are taxable as income, highlighting the importance of disclosing the source and nature of the receipt for taxability determination. As the money received was used for election campaign expenses without any personal gain or quid pro quo, the Court upheld the lower authorities' decision that the amount was not taxable as 'income'. The appeal was dismissed. en-us Tue, 13 May 2008 00:00:00 +0530 Thu, 31 Mar 2016 15:41:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180693 The Delhi High Court, in the case of Department v. Legal Heir of the Deceased assessee, ruled that the amount received by the deceased could not be considered as 'income' under the Income Tax Act, 1961. The Court emphasized that not all receipts are taxable as income, highlighting the importance of disclosing the source and nature of the receipt for taxability determination. As the money received was used for election campaign expenses without any personal gain or quid pro quo, the Court upheld the lower authorities' decision that the amount was not taxable as 'income'. The appeal was dismissed. Case-Laws Income Tax Tue, 13 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180693