https://www.taxtmi.com/caselaws?id=14234 An incentive received by a dealer as the cash equivalent of a car under a sales promotion scheme is taxable income where it arises from the dealer's business relationship and is linked to sales targets. The receipt is treated as a trading receipt because the decisive factor is its commercial source and business nexus, not the donor's description of it as a gift or its voluntary character. It also falls within section 28(iv) as a business benefit convertible into money. A personal gift or casual, non-recurring receipt would not fall within the charging provisions, but this incentive does. en-us Wed, 06 Dec 2000 00:00:00 +0530 Sun, 08 May 2011 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14234 An incentive received by a dealer as the cash equivalent of a car under a sales promotion scheme is taxable income where it arises from the dealer's business relationship and is linked to sales targets. The receipt is treated as a trading receipt because the decisive factor is its commercial source and business nexus, not the donor's description of it as a gift or its voluntary character. It also falls within section 28(iv) as a business benefit convertible into money. A personal gift or casual, non-recurring receipt would not fall within the charging provisions, but this incentive does. Case-Laws Income Tax Wed, 06 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14234