https://www.taxtmi.com/caselaws?id=7214 Periodic voluntary payments from identifiable corporate sources may constitute taxable income even without an enforceable obligation or services rendered when they arise regularly from board resolutions and are connected with the recipient's position. Where no employer-employee relationship exists, no services are rendered, and the arrangement transfers profits to a family member, the payments are not salary and are assessable as income from other sources. The notification applicable to salary or remuneration from business profits does not apply. Earned income relief is unavailable because the receipts are neither salary nor immediately derived from personal exertion. en-us Mon, 10 Jul 1967 00:00:00 +0530 Thu, 12 Feb 2009 19:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7214 Periodic voluntary payments from identifiable corporate sources may constitute taxable income even without an enforceable obligation or services rendered when they arise regularly from board resolutions and are connected with the recipient's position. Where no employer-employee relationship exists, no services are rendered, and the arrangement transfers profits to a family member, the payments are not salary and are assessable as income from other sources. The notification applicable to salary or remuneration from business profits does not apply. Earned income relief is unavailable because the receipts are neither salary nor immediately derived from personal exertion. Case-Laws Income Tax Mon, 10 Jul 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7214