https://www.taxtmi.com/caselaws?id=181147 A receipt arising from services rendered in the course of a vocation remains taxable income, even if it was not paid under a remuneration stipulation or was received gratuitously, so the bonus from the co-operative society was taxable and not a casual non-recurring receipt. An earlier addition of concealed business profits did not prevent the department from treating a separate unexplained amount as income from another undisclosed source, so the further credit was upheld on the facts. However, where a cash credit stood in the names of the assessee's daughter and son-in-law, mere rejection of the explanation was insufficient; absent material showing the money belonged to the assessee, the amount could not be assessed in the assessee's hands. en-us Mon, 30 Nov 1959 00:00:00 +0530 Fri, 08 Apr 2016 12:15:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181147 A receipt arising from services rendered in the course of a vocation remains taxable income, even if it was not paid under a remuneration stipulation or was received gratuitously, so the bonus from the co-operative society was taxable and not a casual non-recurring receipt. An earlier addition of concealed business profits did not prevent the department from treating a separate unexplained amount as income from another undisclosed source, so the further credit was upheld on the facts. However, where a cash credit stood in the names of the assessee's daughter and son-in-law, mere rejection of the explanation was insufficient; absent material showing the money belonged to the assessee, the amount could not be assessed in the assessee's hands. Case-Laws Income Tax Mon, 30 Nov 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181147