https://www.taxtmi.com/caselaws?id=185621 Selling agency commission was treated as business income where the assessee carried on an organised commercial activity through sub-agents and a broker, even though it remained largely inactive and kept only summary records. Business need not be personally executed by the assessee; activity carried on on its behalf through agents can retain the character of business. On that basis, the commission fell under business income rather than income from other sources. The same business character also supported recognition of the assessee as a firm entitled to registration, as the partnership requirements were satisfied and no other defect in the application was shown. en-us Fri, 17 Aug 1962 00:00:00 +0530 Mon, 22 Aug 2016 11:53:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185621 Selling agency commission was treated as business income where the assessee carried on an organised commercial activity through sub-agents and a broker, even though it remained largely inactive and kept only summary records. Business need not be personally executed by the assessee; activity carried on on its behalf through agents can retain the character of business. On that basis, the commission fell under business income rather than income from other sources. The same business character also supported recognition of the assessee as a firm entitled to registration, as the partnership requirements were satisfied and no other defect in the application was shown. Case-Laws Income Tax Fri, 17 Aug 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185621