https://www.taxtmi.com/caselaws?id=187892 The court upheld the decision of the Special Commissioners, ruling against the Crown's appeal for an additional lb4,000 assessment under Schedule E on the respondent, a managing director. The payment was deemed compensation for giving up the right to future remuneration, not for services rendered, as the respondent was not obligated to continue providing services. The judge determined the payment was for loss of the respondent's office, a capital asset, and not for past or future services. The appeal was dismissed, with costs awarded to the respondent. en-us Tue, 01 Apr 1941 00:00:00 +0530 Thu, 10 Nov 2016 14:36:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187892 The court upheld the decision of the Special Commissioners, ruling against the Crown's appeal for an additional lb4,000 assessment under Schedule E on the respondent, a managing director. The payment was deemed compensation for giving up the right to future remuneration, not for services rendered, as the respondent was not obligated to continue providing services. The judge determined the payment was for loss of the respondent's office, a capital asset, and not for past or future services. The appeal was dismissed, with costs awarded to the respondent. Case-Laws Income Tax Tue, 01 Apr 1941 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187892