https://www.taxtmi.com/caselaws?id=276452 The 5% amount was treated as distinct from commission and as compensation in lieu of contingency expenses, so it qualified for exemption under section 4(3)(vi) of the Income-tax Act, 1922. The phrase "office or employment of profit" was given its plain and natural meaning and was not confined to a permanent or pre-existing substantive post; a selling agent appointed for a defined territory could still hold such an office even if created by the appointment itself. On that construction, the assessee satisfied the exemption conditions. en-us Wed, 09 Sep 1964 00:00:00 +0530 Mon, 12 Nov 2018 13:15:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276452 The 5% amount was treated as distinct from commission and as compensation in lieu of contingency expenses, so it qualified for exemption under section 4(3)(vi) of the Income-tax Act, 1922. The phrase "office or employment of profit" was given its plain and natural meaning and was not confined to a permanent or pre-existing substantive post; a selling agent appointed for a defined territory could still hold such an office even if created by the appointment itself. On that construction, the assessee satisfied the exemption conditions. Case-Laws Income Tax Wed, 09 Sep 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276452