https://www.taxtmi.com/caselaws?id=10579 The court ruled in favor of the assessee, holding that the compensation of Rs. 30,000 was not taxable under the head "Salaries" as it did not meet the definition of "profits in lieu of salary." Additionally, the court allowed the deduction of Rs. 7,500 paid to the advocate under section 57(iii) of the Income-tax Act, 1961, finding it was incurred wholly and exclusively for earning income. The court disposed of the reference with no order as to costs. en-us Wed, 23 Feb 2005 00:00:00 +0530 Sat, 18 Jul 2009 09:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10579 The court ruled in favor of the assessee, holding that the compensation of Rs. 30,000 was not taxable under the head "Salaries" as it did not meet the definition of "profits in lieu of salary." Additionally, the court allowed the deduction of Rs. 7,500 paid to the advocate under section 57(iii) of the Income-tax Act, 1961, finding it was incurred wholly and exclusively for earning income. The court disposed of the reference with no order as to costs. Case-Laws Income Tax Wed, 23 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10579