https://www.taxtmi.com/caselaws?id=192540 Contractual commission paid to a managing agent for personal services did not become agricultural income merely because it was calculated as a percentage of the principal company's profits, including profits attributable to agricultural income. The character of the receipt depended on the nature of the income in the hands of the recipient, not on the source of the employer's profits or the formula used to measure the payment. Accordingly, the commission fell outside the statutory definition of agricultural income and was not exempt from income-tax. en-us Mon, 28 Jun 1948 00:00:00 +0530 Sat, 09 Jan 2021 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192540 Contractual commission paid to a managing agent for personal services did not become agricultural income merely because it was calculated as a percentage of the principal company's profits, including profits attributable to agricultural income. The character of the receipt depended on the nature of the income in the hands of the recipient, not on the source of the employer's profits or the formula used to measure the payment. Accordingly, the commission fell outside the statutory definition of agricultural income and was not exempt from income-tax. Case-Laws Income Tax Mon, 28 Jun 1948 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192540